STR Reports US Hotel Occupancy Nearly Flat for Week Ending September 15, 2012

ADR Increases 2.5% to US$108.62

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. September 24, 2012

September 24, 2012 - The U.S. hotel industry experienced mostly positive results in the three key performance metrics during the week of 9-15 September 2012, according to data from STR.

In year-over-year comparisons, occupancy ended the week nearly flat with a 0.5-percent decrease to 66.2 percent, average daily rate was up 3.0 percent to US$108.62 and revenue per available room increased 2.5 percent to US$71.90.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase with a 26.0-percent gain to 75.5 percent. Minneapolis-St. Paul, Minnesota-Wisconsin, fell 5.9 percent in occupancy to 75.7 percent, ending the week with the largest decrease in that metric.

Two markets experienced double-digit ADR increases: Oahu Island, Hawaii (+12.6 percent to US$183.93), and Chicago, Illinois (+11.7 percent to US$155.36). St. Louis, Missouri-Illinois, reported the largest ADR decrease, falling 4.3 percent to US$86.92.

Four markets achieved RevPAR increases of more than 10 percent: New Orleans (+33.1 percent to US$83.96); Chicago (+16.8 percent to US$132.59); Oahu Island (+13.8 percent to US$158.81); and Detroit, Michigan (+10.6 percent to US$55.04). St. Louis fell 8.4 percent to US$54.96 in RevPAR, reporting the largest decrease in that metric.