STR Reports US Hotel Occupancy Increase for Week Ending June 2, 2012

Occupancy Increases 1.9% and ADR Increases 3.9% to US$100.49

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. June 11, 2012

June 11, 2012 - The U.S. hotel industry experienced increases in all three key performance metrics during the week of 27 May-2 June 2012, according to data from STR.

In year-over-year comparisons for the week, occupancy ended the week with a 1.9-percent increase to 59.6 percent, average daily rate increased 3.9 percent to US$100.49 and revenue per available room jumped 5.9 percent to US$59.87.

Among the Top 25 Markets, Houston, Texas, rose 23.1 percent in occupancy to 64.6 percent, reporting the largest increase in that metric, followed by Nashville, Tennessee (+13.4 percent to 64.5 percent), and Oahu Island, Hawaii (+13.0 percent to 80.3 percent). Boston, Massachusetts, posted the largest occupancy decrease, falling 5.3 percent to 70.5 percent, followed by Minneapolis-St. Paul, Minnesota-Wisconsin, with a 3.9-percent decrease to 56.2 percent. Houston rose 13.2 percent in ADR to US$93.24, recording the largest increase in that metric, followed by Detroit, Michigan (+12.0 percent to US$81.81), and Oahu Island (+11.7 percent to US$177.51). St .Louis, Missouri-Illinois (-4.4 percent to US$77.55), and Phoenix, Arizona (-3.4 percent to US$83.79), reported the largest ADR decreases for the week.

Four markets achieved RevPAR increases of more than 20 percent: Houston (+39.3 percent to US$60.20); Oahu Island (+26.2 percent to US$142.55); Detroit (+23.1 percent to US$50.63); and Nashville (+20.2 percent to US$61.30). Minneapolis-St. Paul fell 5.2 percent in RevPAR to US$50.76, ending the week with the largest decrease in that metric.