STR Reports US Hotel Occupancy Drops for Week Ending October 19, 2013

Occupancy Drops 0.2% to 67.1% and ADR is Up 2.3% to US$112.79

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. October 28, 2013

October 28, 2013 - Smith Travel Research The U.S. hotel industry posted mostly positive results in the three key performance measurements during the week of 13-19 October, according to data from STR.

In year-over-year measurements, the industry's occupancy fell slightly 0.2 percent to 67.1 percent. Average daily rate rose 2.3 percent to finish the week at US$112.79. Revenue per available room for the week was up 2.1 percent to finish at US$75.70.

Among the Top 25 Markets, Atlanta, Georgia, reported the largest occupancy increase, rising 7.2 percent to 69.4 percent, followed by Seattle, Washington, with a 5.8-percent increase to 78.4 percent. Washington, D.C. (-17.1 percent to 64.9 percent), and New Orleans, Louisiana (-12.3 percent to 74.4 percent), reported the only double-digit occupancy decreases for the week.

Oahu Island, Hawaii (+10.5 percent to US$203.98), and Seattle (+10.3 percent to US$139.05), achieved the largest ADR increases during the week. Washington, D.C., fell 7.0 percent to US$150.60, reporting the largest ADR decrease.

Five markets experienced RevPAR growth of more than 10 percent: Seattle (+16.7 percent to US$109.02); Houston (+13.3 percent to US$77.64); San Francisco/San Mateo, California (+10.9 percent to US$202.21); Atlanta (+10.8 percent to US$66.70); and Nashville, Tennessee (+10.8 percent to US$86.99). Washington, D.C., fell 22.9 percent to US$97.80 in RevPAR, reporting the largest decrease in that metric.