STR Reports US Hotel Occupancy Up for Week Ending May 18, 2013

Occupancy Up 1.3% and ADR Increases 3.8% to US$110.86

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. May 28, 2013

May 28, 2013 - The U.S. hotel industry reported positive results in the three key performance metrics during the week of 12-18 May 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 1.3 percent to 66.8 percent, average daily rate rose 3.8 percent to US$110.86 and revenue per available room increased 5.2 percent to US$74.04.

Among the Top 25 Markets, Chicago, Illinois, reported the largest occupancy increase, rising 15.7 percent to 80.8 percent. Norfolk-Virginia Beach, Virginia, fell 7.3 percent in occupancy to 58.8 percent, reporting the largest decrease in that metric.

Three markets achieved double-digit ADR increases: Oahu Island, Hawaii (+12.4 percent to US$194.74); Chicago, Illinois (+12.0 percent to US$141.32); and San Francisco/San Mateo, California (+10.8 percent to US$194.11). Atlanta, Georgia (-4.3 percent to US$88.73), and San Diego, California (-2.0 percent to US$127.94), posted the largest ADR decreases for the week.

Chicago jumped 29.5 percent in RevPAR to US$114.20, experiencing the largest increase in that metric, followed by Tampa-St. Petersburg, Florida (+15.6 percent to US$67.31), and Orlando, Florida (+14.3 percent to US$78.58). Washington, D.C., fell 6.6 percent in RevPAR to US$133.80, posting the largest decrease in that metric.