STR Reports US Hotel Occupancy Drops for Week Ending January 12, 2013

Occupancy Drops 4.2% and ADR increases 2.1% to US$105.30

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. January 21, 2013

January 21, 2013 - The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 6-12 January 2013, according to data from STR.

In year-over-year comparisons, occupancy was down 4.2 percent to 49.8 percent, average daily rate rose 2.1 percent to US$105.30 and revenue per available room decreased 2.2 percent to US$52.43.

Among the Top 25 Markets, three markets reported occupancy increases for the week: New York, New York (+4.7 percent to 70.3 percent); Miami-Hialeah, Florida (+3.7 percent to 81.4 percent); and Los Angeles-Long Beach, California (+1.8 percent to 68.4 percent). New Orleans fell 25.9 percent in occupancy to 51.9 percent, posting the largest decrease in that metric.

Miami-Hialeah rose 22.1 percent in ADR to US$223.78, achieving the largest increase in that metric, followed by Oahu Island, Hawaii, with an 11.6-percent increase to US$201.30. Two markets experienced double-digit ADR decreases: New Orleans (-31.2 percent to US$117.82) and Detroit, Michigan (-11.2 percent to US$85.10).

Miami-Hialeah jumped 26.7 percent in RevPAR to US$182.23, posting the largest increase in that metric. New Orleans (-49.0 percent to US$61.11) and Detroit (-26.1 percent to US$44.16) reported the largest RevPAR decreases for the week.