STR Reports US Hotel Occupancy Up for Week Ending February 16, 2013

Occupancy Up 1.8% and ADR increases 5.1% to US$107.97

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. February 25, 2013

February 25, 2013 - The U.S. hotel industry reported increases in the three key performance metrics during the week of 10-16 February 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 1.8 percent to 60.7 percent, average daily rate rose 5.1 percent to US$107.97 and revenue per available room increased 7.1 percent to US$65.53.

Among the Top 25 Markets, four markets reported double-digit occupancy increases: Nashville, Tennessee (+16.3 percent to 67.8 percent); Boston, Massachusetts (+15.6 percent to 66.5 percent); Houston, Texas (+14.5 percent to 75.9 percent); and Seattle, Washington (+10.7 percent to 68.5 percent). San Diego, California (-5.4 percent to 66.6 percent), and Norfolk-Virginia Beach, Virginia (-5.2 percent to 46.1 percent), posted the largest occupancy decreases for the week.

Houston rose 21.7 percent in ADR to US$113.27, reporting the largest growth in that metric, followed by Oahu Island, Hawaii, with a 20.2-percent increase to US$216.03. San Diego (-2.8 percent to US$121.49), and New Orleans, Louisiana (-1.9 percent to US$160.40), reported the only ADR decreases.

Three markets experienced RevPAR growth of more than 20 percent: Houston (+39.3 percent to US$86.01); Nashville (+30.3 percent to US$68.18); and Boston (+20.5 percent to US$89.40). San Diego reported the largest RevPAR decrease, falling 8.0 percent to US$80.95.