August 24 2010 | Latest NewsNOLA- Largest Occupancy and RevPAR Increases
August 23, 2010
Among the Top 25 Markets, New Orleans, Louisiana, achieved the largest occupancy increase, jumping 21.5 percent to 60.5 percent, followed by Atlanta, Georgia (+16.9 percent to 61.7 percent), and Anaheim-Santa Ana, California (+14.6 percent to 87.3 percent). Three markets reported occupancy decreases: Minneapolis-St. Paul, Minnesota-Wisconsin (-2.3 percent to 76.0 percent); Seattle, Washington (-1.3 percent to 84.2 percent); and Phoenix, Arizona (-1.1 percent to 45.7 percent).
New York, New York, posted the largest ADR increase, rising 11.5 percent to US$208.06, followed by San Francisco/San Mateo, California, with an 11.2-percent increase to US$141.21. two markets reported ADR decreases of more than 5 percent: Nashville, Tennessee (-7.4 percent to US$81.22), and Phoenix, Arizona (-5.2 percent to US$71.93).
Three top markets experienced RevPAR increases of more than 20 percent: New Orleans (+25.1 percent to US$53.06); Anaheim-Santa Ana (+21.7 percent to US$106.05); and Atlanta (+20.9 percent to US$51.53). Minneapolis-St. Paul posted the largest RevPAR decrease, falling 6.9 percent to US$71.21, followed by Phoenix with a 6.2-percent decrease to US$32.84.