STR Reports US Hotel Occupancy Up for Week Ending December 1, 2012

Occupancy Up 2.5% and ADR Increases 3.5% to US$103.00

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. December 10, 2012

December 10, 2012 - The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 25 November-1 December 2012, according to data from STR.

In year-over-year comparisons, occupancy was up 2.5 percent to 52.2 percent, average daily rate rose 3.5 percent to US$103.00 and revenue per available room increased 6.2 percent to US$53.74.

Among the Top 25 Markets, New York, New York, reported the largest occupancy increase, rising 12.2 percent to 89.6 percent, followed by Dallas, Texas, with an 11.1 percent increase to 55.2 percent. New Orleans, Louisiana, fell 11.5 percent in occupancy to 54.4 percent, posting the largest decrease in that metric.

Los Angeles-Long Beach, California (+11.8 percent to US$126.13), and Oahu Island, Hawaii (+10.9 percent to US$177.59), experienced the largest ADR increases for the week. Miami-Hialeah, Florida, fell 22.0 percent in ADR to US$147.51, reporting the largest decrease in that metric.

Los Angeles-Long Beach also reported the largest RevPAR growth, rising 21.7 percent to US$82.13. San Francisco/San Mateo, California, followed with a 15.1-percent increase to US$98.30. Miami-Hialeah (-27.1 percent to US$109.64) and New Orleans (-19.5 percent to US$63.36) experienced the largest RevPAR decreases.