STR Reports US Hotel Occupancy Up for Week Ending February 23, 2013

Occupancy Up 1.3% and ADR increases 3.4% to US$107.40

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. March 04, 2013

March 4, 2013 - The U.S. hotel industry reported increases in the three key performance metrics during the week of 17-23 February 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 1.3 percent to 61.7 percent, average daily rate rose 3.4 percent to US$107.40 and revenue per available room increased 4.7 percent to US$66.30.

Among the Top 25 Markets, Anaheim-Santa Ana, California, reported the only double-digit occupancy increase, rising 10.5 percent to 77.9 percent. Philadelphia, Pennsylvania-New Jersey, fell 4.4 percent in occupancy to 60.4 percent, posting the largest decrease in that metric.

Oahu Island, Hawaii, rose 19.0 percent in ADR to US$212.10, achieving the largest increase in that metric. Anaheim-Santa Ana followed with a 9.5-percent increase to US$123.32. New Orleans, Louisiana, reported the only ADR decrease, falling 3.4 percent to US$153.99.

Three markets experienced RevPAR increases of more than 15 percent: Anaheim-Santa Ana (+20.9 percent to US$96.04); Oahu Island (+19.0 percent to US$193.77); and Dallas, Texas (+17.5 percent to US$66.44). Philadelphia (-3.3 percent to US$67.45) and Norfolk-Virginia Beach, Virginia (-2.7 percent to US$32.68), reported the only RevPAR decreases for the week.