STR Reports US Hotel Occupancy Up for Week Ending October 13, 2012

Occupancy Up 1.1% and ADR Increases 3.9% to US$109.04

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. October 19, 2012

October 19, 2012 - The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 7-13 October 2012, according to data from STR.

In year-over-year comparisons, occupancy rose 1.1 percent to 66.2 percent, average daily rate was up 3.9 percent to US$109.04 and revenue per available room increased 5.1 percent to US$72.24.

Among the Top 25 Markets, New Orleans, Louisiana, experienced the largest growth in all three key performance metrics. The market's occupancy rose 24.5 percent to 77.7 percent, its ADR was up 20.5 percent to US$145.91 and its RevPAR rose 50.0 percent to US$113.34.

Detroit, Michigan, reported the largest occupancy decrease, falling 9.4 percent to 65.5 percent, followed by Boston, Massachusetts (-7.3 percent to 82.8 percent), and Washington, D.C. (-4.5 percent to 72.9 percent).

Dallas, Texas, reported the second-highest ADR increase, jumping 12.8 percent to US$97.64, followed by Denver, Colorado, which rose 12.4 percent to US$116.90.

Detroit also ended the week with largest decreases in both ADR (-5.1 percent to US$78.25) and RevPAR (-14.0 percent to US$51.27).

Six markets other than New Orleans achieved RevPAR increases of more than 15 percent: Denver (+31.2 percent to US$90.16); Dallas (+23.4% to US$65.55); Oahu Island, Hawaii (+19.3 percent to US$159.31); Anaheim-Santa Ana, California (+18.1 percent to US$97.98); Los Angeles-Long Beach, California (18.1 percent to US$105.54); and Nashville, Tennessee (+16.7 percent to US$80.48).