Posted on: September 20 2012 | Posted in: Latest NewsFor week ending September 15, 2012, New Orleans in the top 25.
September 20, 2012
By Rachel Spann Urie, HotelNewsNow.com
HENDERSONVILLE, Tennesseeâ€”The U.S. hotel industry experienced mostly positive results in the three key performance metrics during the week of 9-15 September 2012, according to data from STR, parent company of HotelNewsNow.com.
Overall, the U.S. hotel industry’s occupancy ended the week nearly flat with a 0.5% decrease to 66.2%, average daily rate was up 3% to $108.62 and revenue per available room ended the week with an increase of 2.5% to $71.90.
Among the chain-scale segments, the luxury segment ended the week nearly flat with a 0.6% occupancy increase to 77.8%. The upper-upscale segment fell 1.2% in occupancy to 76%, reporting the largest decrease in that metric.
The upscale segment rose 4.2% in ADR to $120.84, experiencing the largest increase in that metric. The upper-upscale segment followed with a 3.6% ADR increase to $162.89.
The upscale segment (+3.4% to $91.22) and the upper-midscale segment (+2.9% to $68.53) posted the largest RevPAR increases for the week.
Among the top 25 markets, New Orleans rose 26% to 75.5%, reporting the largest increase in occupancy. Minneapolis-St. Paul fell 5.9% in occupancy to 75.7%, ending the week with the largest decrease in that metric.
Two markets experienced double-digit ADR increases: Oahu Island, Hawaii (+12.6% to $183.93), and Chicago (+11.7% to $155.36). St. Louis reported the largest ADR decrease, falling 4.3% to $86.92.
Four markets achieved RevPAR increases of more than 10%: New Orleans (+33.1% to $83.96); Chicago (+16.8% to $132.59); Oahu Island (+13.8% to $158.81); and Detroit (+10.6% to $55.04). St. Louis fell 8.4% in RevPAR to $54.96, reporting the largest decrease in that metric.