The U.S. hotel industry reported mostly positive results in the three key performance measurements during the week of 16-22 May 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.
Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 29.8 percent to 73.5 percent, followed by Minneapolis-St. Paul, Minnesota-Wisconsin (+19.7 percent to 69.0 percent), and New Orleans, Louisiana (+19.2 percent to 73.9 percent). Three of the top markets posted occupancy decreases: Norfolk-Virginia Beach, Virginia (-3.5 percent to 55.7 percent); San Diego, California (-3.1 percent to 66.4 percent); and Miami-Hialeah, Florida (-1.3 percent to 68.4 percent).
New York, New York, experienced the largest Average Daily Rate (ADR) increase, rising 19.9 percent to US$244.36, followed by New Orleans with an 18.5-percent increase to US$134.43. Two markets reported double-digit ADR decreases: San Diego, California (-11.4 percent to US$115.02), and Seattle, Washington (-11.0 percent to US$112.61).
New Orleans led the Revenue per Available Room (RevPAR) increases, rising 41.2 percent to US$99.28, followed by New York (+31.8 percent to US$227.82) and Minneapolis-St. Paul (+25.8 percent to US$65.85). San Diego fell 14.1 percent in RevPAR to US$76.32, reporting the largest decrease in that metric.
