STR Reports US Hotel Occupancy Drop for Week Ending September 14, 2013

Occupancy Droped 1.7% to 65.1% and ADR Rose 1.1% to US$109.96

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. September 23, 2013

September 23, 2013 - Smith Travel Research the U.S. hotel industry reported mixed results in the three key performance metrics during the week of 8-14 September 2013, according to data from STR.

In year-over-year comparisons, occupancy fell 1.7 percent to 65.1 percent, average daily rate was up 1.1 percent to US$109.96, and revenue per available room was down 0.6 percent to US$71.54.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the only double-digit occupancy increase, rising 12.6 percent to 71.1 percent. New Orleans, Louisiana (-24.9 percent to 56.6 percent), and Philadelphia, Pennsylvania-New Jersey (-16.4 percent to 65.7 percent), reported the largest occupancy decreases.

Oahu Island, Hawaii, achieved the largest ADR increase, rising 12.5 percent to US$204.15. St. Louis followed with an 11.6-percent increase to US$97.18. Philadelphia fell 10.7 percent in ADR to US$120.62, reporting the largest decrease in that metric.

Five markets experienced double-digit RevPAR increases: St. Louis (+25.7 percent to US$69.14); Nashville, Tennessee (+14.0 percent to US$77.56); Houston, Texas (+11.7 percent to US$71.97); Oahu Island (+10.4 percent to US$172.79); and San Francisco/San Mateo (+10.0 percent to US$198.69). New Orleans (-25.9 percent to US$62.00) and Philadelphia (-25.3 percent to US$79.30), reported the largest RevPAR decreases for the week.