STR Reports US Hotel Occupancy for Week Ending April 7, 2012

Occupancy Falls 4.1% to 49.4% and ADR Increases 3.3% to US$104.52

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. April 16, 2012

In year-over-year comparisons for the week, occupancy fell 4.1 percent to 59.4 percent, average daily rate increased 3.3 percent to US$104.52 and revenue per available room ended the week virtually flat with a 0.9-percent decrease to US$62.03.

Among the Top 25 Markets, Orlando, Florida, experienced the largest occupancy increase, rising 19.1 percent to 90.5 percent, followed by Norfolk-Virginia Beach, Virginia, with an 18.0-percent increase to 60.5 percent. Minneapolis-St. Paul, Minnesota-Wisconsin, fell 27.5 percent in occupancy to 48.7 percent, reporting the largest decrease in that metric, followed by St. Louis, Missouri-Illinois, with a 20.4-percent decrease to 47.7 percent. Miami-Hialeah, Florida, increased 15.2 percent in ADR to US$195.15, reporting the largest increase in that metric, followed by New York, New York, with a 14.1-percent increase to US$257.93. Washington, D.C., experienced the largest ADR decrease, falling 15.2 percent to US$137.95, followed by Houston, Texas, with a 13.1-percent decrease to US$90.32.

Three markets achieved RevPAR increases of more than 20 percent: Orlando (+28.9 percent to US$99.74); New York (+25.6 percent to US$224.88); and Norfolk-Virginia Beach (+25.6 percent to US$49.12). Minneapolis-St. Paul fell 29.6 percent in RevPAR to US$43.92, posting the largest decrease in that metric.