STR Reports US Hotel Occupancy Drops for Week Ending April 20, 2013
Occupancy Drops 1.2% and ADR increases 2.6% to US$109.62
April 30, 2013 - The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 14-20 April 2013, according to data from STR.
In year-over-year comparisons, occupancy was down 1.2 percent to 64.7 percent, average daily rate rose 2.6 percent to US$109.62 and revenue per available room increased 1.4 percent to US$70.90.
“After two weeks of solid performance, the industry took a breather last week,” said Bobby Bowers, senior VP of operations at STR. “Group performance was slower because of the shift of several large, recurring conferences to the front half of the month. Additionally, the terrorist attack in Boston may have contributed to slower overall demand in selected markets. Based on current trends, we expect April to be a good month, aided by easier comparables due in part to Easter falling in March this year.”
Among the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 15.4 percent to 75.2 percent. Minneapolis-St. Paul, Minnesota-Wisconsin, followed with a 12.5-percent occupancy increase to 73.5 percent. Philadelphia, Pennsylvania-New Jersey (-13.5 percent to 67.2 percent), and Norfolk-Virginia Beach, Virginia (-10.9 percent to 54.0 percent), reported the largest occupancy decreases for the week.
Oahu Island, Hawaii (+16.7 percent to US$197.50), and San Francisco/San Mateo, California (+16.3 percent to US$187.50), reported the only double-digit ADR increases for the week. Philadelphia reported the largest ADR decrease, falling 11.5 percent to US$121.87.
Five markets achieved RevPAR growth of more than 15 percent: Denver (+25.4 percent to US$81.83); Oahu Island (+21.6 percent to US$164.86); San Francisco/San Mateo (+20.6 percent to US$161.17); Houston (+17.1 percent to US$82.53); and Minneapolis-St. Paul (+16.3 percent to US$73.75).
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