STR Reports US Hotel Occupancy Up for Week Ending March 9, 2013

Occupancy Up 1.2% and ADR increases 4.6% to US$109.55

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. March 18, 2013

March 18, 2013 - The U.S. hotel industry reported increases in the three key performance metrics during the week of 3-9 March 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 1.2 percent to 62.7 percent, average daily rate rose 4.6 percent to US$109.55 and revenue per available room increased 5.8 percent to US$68.69.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 19.5 percent to 88.0 percent. San Francisco/San Mateo, California, fell 7.4 percent in occupancy to 73.1 percent, posting the largest decrease in that metric, followed by Philadelphia, Pennsylvania-New Jersey (-6.1 percent to 64.5 percent).

Three markets reported ADR growth of more than 10 percent: Miami-Hialeah, Florida (+15.8 percent to US$224.35); Oahu Island, Hawaii (+15.5 percent to US$196.40); and New Orleans (+14.9 percent to US$167.15). Atlanta, Georgia, fell 1.0 percent in ADR to US$85.94, posting the largest decrease in that metric.

Six markets achieved RevPAR increases of more than 10 percent: New Orleans (+37.3 percent to US$147.12); Miami-Hialeah (+24.5 percent to US$197.71); Oahu Island (+15.0 percent to US$164.12); Nashville, Tennessee (+13.4 percent to US$74.53); Boston, Massachusetts (+12.4 percent to US$97.45); and St. Louis, Missouri-Illinois (+12.4 percent to US$53.55). San Diego fell 6.5 percent in RevPAR to US$87.12, reporting the largest decrease in that metric.