STR Reports US Hotel Occupancy Increase for Week Ending May 26, 2012

Occupancy Increases and 4.4%ADR also Increases 4.4% to US$105.57

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. June 04, 2012

June 4, 2012 - The U.S. hotel industry experienced increases in all three key performance metrics during the week of 20-26 May 2012, according to data from STR.

In year-over-year comparisons for the week, occupancy ended the week with a 4.4-percent increase to 66.9 percent, average daily rate increased 4.4 percent to US$105.57 and revenue per available room jumped 9.0 percent to US$70.67.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, jumped 25.3 percent in occupancy to 76.0 percent, reporting the largest increase in that metric, followed by Tampa-St. Petersburg, Florida, with a 14.2-percent increase to 65.9 percent.

New Orleans, Louisiana, ended the week with the largest decrease in all three key performance metrics. The market's occupancy fell 6.3 percent to 70.3 percent, its ADR was down 5.6 percent to US$121.42 and its RevPAR decreased 11.5 percent to US$85.37. Boston, Massachusetts, rose 16.4 percent in ADR to US$183.96, reporting the largest increase in that metric, followed by San Diego, California (+15.7 percent to US$137.09), and San Francisco/San Mateo, California (+15.4 percent to US$173.06).

Five markets experienced RevPAR increases of more than 20 percent: St. Louis (+35.5 percent to US$66.96); Atlanta, Georgia (+29.6 percent to US$60.29); Tampa-St. Petersburg (+28.3 percent to US$66.75); San Diego (+27.4 percent to US$102.98); and Boston (+23.0 percent to US$159.65).