STR Reports US Hotel Occupancy Increases for Week Ending June 23, 2012

Occupancy Increases Slightly 0.95% and ADR Increases 4.1% to US$107.04

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. July 02, 2012

The U.S. hotel industry experienced increases in all three key performance metrics during the week of 17-23 June 2012, according to data from STR.

In year-over-year comparisons for the week, occupancy ended the week virtually flat with a 0.9-percent increase to 72.2 percent, average daily rate increased 4.1 percent to US$107.04 and revenue per available room rose 5.1 percent to US$77.28.

Among the Top 25 Markets, occupancy in Nashville, Tennessee, rose 9.6 percent to 77.9 percent, reporting the largest increase in that metric, followed by Orlando, Florida, with an 8.6-percent increase to 78.2 percent. Tampa-St. Petersburg, Florida, posted the largest occupancy decrease, falling 2.7 percent to 61.3 percent, followed by New Orleans, Louisiana, with a 2.3-percent decrease to 69.5 percent. New Orleans reported the only ADR decrease, ending the week virtually flat with a 0.7-percent decrease to US$116.39. The market also experienced the largest RevPAR decrease, down 3.0 percent to US$80.84.

Boston, Massachusetts (+18.4 percent to US$185.67), and San Francisco/San Mateo, California (+14.4 percent to US$175.87) ended the week with the largest ADR increases.

Six top markets achieved RevPAR growth of more than 15 percent: Boston (+23.7 percent to US$166.63); Nashville (+21.2 percent to US$79.40); Los Angeles-Long Beach, California (+18.7 percent to US$117.02); Anaheim-Santa Ana, California (+16.6 percent to US$115.61); Orlando, Florida (+16.5 percent to US$74.17); and San Francisco/San Mateo (+16.0 percent to US$160.20).9.