STR Reports US Hotel Occupancy Up for Week Ending June 29, 2013

Occupancy Up 2.0% to 73.1% and ADR Increases 4.6% to US$111.40

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. July 10, 2013

July 10, 2013 - The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 June 2013, according to data from STR.

In year-over-year comparisons, occupancy rose 2.0 percent to 73.1 percent, average daily rate increased 4.6 percent to US$111.40 and revenue per available room grew 6.7 percent to US$81.49.

Among the Top 25 Markets, Orlando, Florida, rose 14.8 percent in occupancy to 84.6 percent, reporting the largest increase in that metric. Minneapolis-St. Paul, Minnesota-Wisconsin, followed with a 10.0-percent increase in occupancy to 84.5 percent. Denver, Colorado, posted the largest occupancy decrease, falling 9.3 percent to 84.2 percent.

Five markets experienced ADR increases of more than 10 percent: Oahu Island, Hawaii (+16.3 percent to US$216.88); Orlando (+15.0 percent to US$105.13); San Francisco/San Mateo, California (+15.0 percent to US$198.30); Chicago, Illinois (+10.7 percent to US$141.93); and Minneapolis-St. Paul (+10.4 percent to US$113.77). Atlanta, Georgia, fell 5.9 percent in ADR to US$87.21, reporting the largest decrease in that metric.

Five markets achieved RevPAR increases of more than 15 percent: Orlando (+32.1 percent to US$88.99); Minneapolis-St. Paul (+21.4 percent to US$96.15); Tampa-St. Petersburg, Florida (+16.9 percent to US$65.68); San Francisco/San Mateo (+15.6 percent to US$184.15); and Miami-Hialeah, Florida (+15.3 percent to US$108.01). Atlanta (-10.9 percent to US$59.09) and Denver (-10.5 percent to US$91.48) reported the largest RevPAR decreases for the week.