STR Reports US Hotel Performance for Week Ending September 18 - 2010
September 24, 2010 - In year-over-year comparisons, occupancy increased 6.7 percent to 63.5 percent, average daily rate was up 1.8 percent to US$100.25, and revenue per available room ended the week up 8.6 percent to US$63.66.
The U.S. hotel industry reported increases in all three key performance metrics during the week of 12-18 September 2010, according to data from STR.
In year-over-year comparisons, occupancy increased 6.7 percent to 63.5 percent, average daily rate was up 1.8 percent to US$100.25, and revenue per available room ended the week up 8.6 percent to US$63.66.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 34.4 percent to 53.9 percent, followed by Detroit, Michigan (+18.2 percent to 62.8 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (+16.0 percent to 78.0 percent). Phoenix, Arizona, ended the week virtually flat in occupancy with a 0.1-percent decrease to 48.1 percent, reporting the only decrease in that metric.
New York, New York, experienced the only double-digit ADR increase, rising 13.9 percent to US$293.70. Nashville, Tennessee, posted the largest ADR decrease, falling 5.3 percent to US$87.85, followed by Phoenix with a 4.4-percent decrease to US$91.12.
New Orleans achieved the largest RevPAR increase, rising 43.2 percent to US$49.62. Six other markets reported RevPAR increases of more than 15 percent: Chicago, Illinois (+25.8 percent to US$110.16); Minneapolis-St. Paul (+19.6 percent to US$75.89); Miami-Hialeah, Florida (+18.7 percent to US$68.91); Detroit (+17.4 percent to US$48.63); Boston, Massachusetts (+15.6 percent to US$131.62); and Denver, Colorado (+15.5 percent to US$77.52). Phoenix experienced the only RevPAR decrease for the week, falling 4.5 percent to US$43.79.
About STR
STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
