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

Occupancy Up 1.4% and ADR Increases 4.5% to US$112.05

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. March 25, 2013

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

In year-over-year comparisons, occupancy was up 1.4 percent to 66.6 percent, average daily rate rose 4.5 percent to US$112.05 and revenue per available room increased 5.9 percent to US$74.66.

Among the Top 25 Markets, Dallas, Texas, reported the only double-digit increase in occupancy with a 15.8-percent gain to 70.9 percent. San Diego, California, reported the largest occupancy decrease, falling 6.9 percent to 73.6 percent, followed by Oahu Island, Hawaii (-4.1 percent to 84.5 percent).

Three markets reported double-digit ADR increases: Oahu Island (+15.7 percent to US$204.82); Miami-Hialeah, Florida (+15.4 percent to US$229.40); and New York, New York (+12.4 percent to US$248.02). San Diego fell 5.5 percent in ADR to US$127.06, posting the largest decrease in that metric.

Four markets achieved RevPAR growth of more than 15 percent: Dallas, Texas (+25.3 percent to US$63.49); Miami-Hialeah (+21.6 percent to US$207.78); New York (+19.7 percent to US$216.79); and Houston (+15.6 percent to US$78.80).