STR Reports US Hotel Occupancy Up for Week Ending June 22, 2013

Occupancy Up 0.5% to 72.5% and ADR Increases 4.1% to US$111.64

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. July 02, 2013

July 2, 2013 - The U.S. hotel industry reported positive results in the three key performance metrics during the week of 16-22 June 2013, according to data from STR.

In year-over-year comparisons, occupancy rose 0.5 percent to 72.5 percent, average daily rate increased 4.1 percent to US$111.64 and revenue per available room grew 4.6 percent to US$80.96.

Among the Top 25 Markets, St. Louis, Missouri-Illinois (+8.2 percent to 86.4 percent), and Tampa-St. Petersburg, Florida (+8.2 percent to 66.4 percent), reported the largest occupancy increases for the week. Norfolk-Virginia Beach, Virginia, fell 7.6 percent in occupancy to 69.5 percent, posting the largest decrease in that metric.

Four markets achieved doubled-digit ADR increases: Chicago, Illinois (+21.1 percent to US$155.21); Oahu Island, Hawaii (+16.6 percent to US$213.91); St. Louis (+12.9 percent to US$100.71); and Denver, Colorado (+12.6 percent to US$115.08). Boston, Massachusetts, reported the largest ADR decrease, falling 4.7 percent to US$176.98.

Four markets experienced RevPAR increases of more than 20 percent: Chicago (+26.6 percent to US$130.67); St. Louis (+22.2 percent to US$87.04); Denver (+21.4 percent to US$100.15); and Oahu Island (+21.3 percent to US$190.71). Boston ended the week with the only double-digit RevPAR decrease, falling 10.9 percent to US$148.31.