STR Reports US Hotel Occupancy Up for Week Ending October 20, 2012

Occupancy Up 1.9% and ADR Increases 4.2% to US$110.13

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. October 29, 2012

October 29, 2012 - The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 14-20 October 2012, according to data from STR.

In year-over-year comparisons, occupancy rose 1.9 percent to 67.3 percent, average daily rate was up 4.2 percent to US$110.13 and revenue per available room increased 6.2 percent to US$74.16.

Among the Top 25 Markets, Detroit, Michigan, rose 16.4 percent in occupancy to 74.5 percent, reporting the largest increase in that metric, followed by New Orleans, Louisiana, with a 13.3-percent increase to 84.7 percent. Orlando, Florida, fell 11.5 percent in occupancy to 68.0 percent, posting the only double-digit decrease in that metric.

Orlando also reported the largest decreases in ADR (-8.7 percent to US$93.83) and RevPAR (-19.2 percent to US$63.80) for the week.

Four markets achieved ADR increases of more than 10 percent: New Orleans (+20.0 percent to US$161.95); San Francisco/San Mateo, California (+18.0 percent to US$206.29); Detroit, Michigan (+11.0 percent to US$84.20); and Oahu Island, Hawaii (+10.2 percent to US$187.74).

Five markets experienced RevPAR increases of more than 15 percent: New Orleans (+36.0 percent to US$137.13); Detroit (+29.2 percent to US$62.74); San Diego, California (+22.3 percent to US$105.46); San Francisco/San Mateo (+21.9 percent to US$182.71); and Denver Colorado (+18.6 percent to US$79.21). View weekly U.S. hotel performance review