Upper Upscale, Urban RevPAR Up, but Down From '05
NEW YORK, NY, April 13, 2006. UBS Securities LLC has released data showing last week upper-upscale hotel RevPAR grew 13.4% and urban segment RevPAR increased 14.2%, although the growth pales in comparison to last year's time period when the segments grew 41% and 47%, respectively.
Overall U.S. RevPAR increased 13.9% (vs. 22% last year), with rate up 8.7%. For the last 28 days, U.S., Upper Upscale and Urban RevPAR has increased 10.7%, 13.6% and 17.1%, respectively.
UBS noted there was strong RevPAR growth in most of the Top 15 markets. The best-performing markets were Boston, Chicago, Dallas, Orlando, Philadelphia and San Francisco, all of which experienced RevPAR growth of more than 20%. Thirteen of the top 15 markets had RevPAR growth in the double digits last week.
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