STR Reports Drop in US Hotel Occupancy for Week Ending July 13, 2013

Hotel Occupancy Drops 1.1% to 71.4% and ADR Increases 2.8% to US$110.07

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. July 22, 2013

July 22, 2013 - The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 7-13 July 2013, according to data from STR.

In year-over-year comparisons, occupancy fell 1.1 percent to 71.4 percent, average daily rate increased 2.8 percent to US$110.07 and revenue per available room grew 1.7 percent to US$78.55.

Among the Top 25 Markets, Houston, Texas, rose 9.0 percent in occupancy to 75.3 percent, reporting the largest increase in that metric. Nashville, Tennessee, followed with a 6.9-percent increase in occupancy to 81.3 percent. New Orleans, Louisiana, fell 12.6 percent in occupancy to 63.9 percent, posting the largest decrease in that metric.

Houston (+18.2 percent to US$107.90) and Oahu Island, Hawaii (+13.2 percent to US$223.90), experienced the only double-digit ADR increases for the week. San Diego, California, fell 10.1 percent in ADR to US$161.03, reporting the largest decrease in that metric.

Three markets achieved double-digit RevPAR increases: Houston (+28.8 percent to US$81.24); Nashville (+16.3 percent to US$85.43); and Seattle, Washington (+13.6 percent to US$129.11). New Orleans fell 16.3 percent in RevPAR to US$74.41, posting the largest decrease in that metric.