STR Reports US Hotel Occupancy Up for Week Ending September 29, 2012

Occupancy Up 2.5% and ADR Increases 5.4% to US$106.60

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. October 10, 2012

October 10, 2012 - The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 23-29 September 2012, according to data from STR.

In year-over-year comparisons, occupancy rose 2.5 percent to 64.2 percent, average daily rate was up 5.4 percent to US$106.60 and revenue per available increased 8.0 percent to US$68.43.

Among the Top 25 Markets, New Orleans, Louisiana, rose 27.7 percent in occupancy to 71.6 percent, reporting the largest increase in that metric. Chicago, Illinois, followed with a 19.1-percent increase in occupancy to 78.7 percent. Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, down 5.8 percent to 68.8 percent, followed by Washington, D.C., with a 3.9-percent decrease to 67.9 percent.

Chicago achieved the largest ADR increase, rising 16.4 percent to US$143.80, followed by New York, New York, with a 16.1-percent increase to US$312.83. Washington, D.C., fell 6.2 percent in ADR to US$142.23, posting the largest decrease in that metric.

Four markets experienced RevPAR increases of more than 20 percent: New Orleans (+41.2 percent to US$85.94); Chicago (+38.7 percent to US$113.21); Seattle, Washington (+21.6 percent to US$101.28); and Houston, Texas (+20.6 percent to US$66.02). Washington, D.C., fell 9.9 percent in RevPAR to US$96.64, posting the largest decrease in that metric.