STR reports US hotel performance for week ending 5 June 2010

U.S. hotel performance for week ending 5 June 2010

The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 30 May-5 June 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.

The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 30 May-5 June 2010, according to data from STR.

In year-over-year measurements, the industry’s occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in all three key metrics. The market’s occupancy rose 12.1 percent to 78.0 percent, ADR increased 14.2 percent to US$140.56, and RevPAR jumped 28.1 percent to US$109.61.

Two markets, excluding San Francisco/San Mateo reported double-digit occupancy increases: Nashville, Tennessee (11.1 percent to 57.3 percent), and Miami-Hialeah, Florida (+10.3 percent to 63.3 percent). New Orleans, Louisiana, posted the largest occupancy decrease, falling 9.7 percent to 53.3.percent, followed by Washington, D.C. (-8.9 percent to 66.3 percent), and Dallas, Texas (-8.1 percent to 50.7 percent).

New Orleans experienced the largest ADR decrease, falling 28.6 percent to US$96.37, followed by Orlando, Florida, with a 22.1-percent decrease to US$80.90.

Excluding San Francisco/San Mateo, three markets reported double-digit RevPAR increases: Miami-Hialeah (+17.6 percent to US$81.27); New York, New York (+13.5 percent to US$175.13); and Phoenix, Arizona (+11.1 percent to US$38.18). New Orleans posted the largest RevPAR decrease, dropping 35.5 percent to US$51.36, followed by Orlando (-25.5 percent to US$44.25) and Washington, D.C. (-22.4 percent to US$85.22).