STR Reports US Hotel Occupancy Up for Week Ending February 9, 2013

Occupancy Up 0.4% and ADR increases 5.2% to US$107.27

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. February 18, 2013

February 18, 2013 - The U.S. hotel industry reported increases in the three key performance metrics during the week of 3-9 February 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 0.4 percent to 56.0 percent, average daily rate rose 5.2 percent to US$107.27 and revenue per available room increased 5.6 percent to US$60.11.

Among the Top 25 Markets, Miami-Hialeah, Florida, rose 8.3 percent in occupancy to 85.0 percent, posting the largest increase in that metric. New York, New York, followed with an 8.2-percent occupancy increase to 73.6 percent. Norfolk-Virginia Beach, Virginia (-5.7 percent to 40.5 percent), and Chicago, Illinois (-5.1 percent to 51.4 percent), reported the largest occupancy decreases.

New Orleans, Louisiana, which hosted the Super Bowl 3 February, jumped 71.7 percent in ADR to US$224.05, achieving the largest increase in that metric. Two other markets reported double-digit ADR increases: Oahu Island, Hawaii (+23.5 percent to US$211.33), and Miami-Hialeah (+11.8 percent to US$209.15).

Four markets experienced RevPAR increases of more than 15 percent: New Orleans (+76.0 percent to US$154.44); Oahu Island (+30.5 percent to US$192.73); Miami-Hialeah (+21.1 percent to US$177.72); and Seattle, Washington (+15.9 percent to US$80.93).

San Francisco/San Mateo, California, posted the largest decreases in both ADR (-21.7 percent to US$161.69) and RevPAR (-24.6 percent to US$125.94)