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.
HENDERSONVILLE, TENNESSEE – 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.
Photo caption: Hyatt Regency Coconut Point Resort and Spa, Florida
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
