STR Reports US Hotel Occupancy Up for Week Ending November 24, 2012

Occupancy Up 5.2% and ADR Increases 5.9% to US$96.06

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. December 03, 2012

December 3, 2012 - The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 18-24 November 2012, according to data from STR.

In year-over-year comparisons, occupancy was up 5.2 percent to 47.2 percent, average daily rate rose 5.9 percent to US$96.06 and revenue per available room increased 11.4 percent to US$45.36.

Among the Top 25 Markets, four markets experienced double-digit occupancy increases: New York, New York (+15.6 percent to 86.0 percent); Dallas, Texas (+12.7 percent to 46.3 percent); Denver, Colorado (+11.2 percent to 40.4 percent); and New Orleans, Louisiana (+10.8 percent to 49.6 percent). Phoenix, Arizona, fell 3.9 percent in occupancy to 42.8 percent, reporting the largest decrease in that metric.

Anaheim-Santa Ana, California (+9.5 percent to US$115.94), and Oahu Island, Hawaii (+9.4 percent to US$190.29), reported the largest ADR increase for the week.

Six markets achieved RevPAR growth of 15 percent or more: New York (+23.0 percent to US$218.25); Denver (+20.6 percent to US$30.96); New Orleans (+18.6 percent to US$57.57); Anaheim-Santa Ana (+17.6 percent to US$73.79); Dallas (+16.4 percent to US$32.15); and San Diego, California (+15.0 percent to US$58.19).

Phoenix reported the largest and only ADR (-2.1 percent to US$87.78) and RevPAR (-6.0 percent to US$37.60) decreases for the week.