The U.S. hotel industry reported positive results in the three key performance metrics during the week of 28 July-3 August 2013.
HENDERSONVILLE — In year-over-year comparisons, occupancy rose 1.8 percent to 73.0 percent, average daily rate increased 4.6 percent to US$111.73 and revenue per available room grew 6.5 percent to US$81.56.
Among the Top 25 Markets, Detroit, Michigan (+11.7 percent to 78.6 percent), and Nashville, Tennessee (+10.7 percent to 72.6 percent), reported the largest occupancy increases. Orlando, Florida, fell 4.5 percent in occupancy to 72.7 percent, posting the largest decrease in that metric.
Five markets achieved double-digit ADR increases: Houston, Texas (+17.8 percent to US$104.84); Oahu Island, Hawaii (+15.0 percent to US$228.37); San Francisco/San Mateo, California (+11.1 percent to US$191.47); Anaheim-Santa Ana, California (+10.6 percent to US$148.79); and Miami-Hialeah, Florida (+10.1 percent to US$144.84). None of the top markets reported ADR decreases for the week.
Four markets experienced RevPAR growth of more than 15 percent: Detroit (+21.7 percent to US$67.56); Nashville (+20.8 percent to US$72.21); Houston (+20.6 percent to US$77.07); and Anaheim-Santa Ana (+17.4 percent to US$138.17). Orlando fell 2.1 percent in RevPAR to US$65.57, reporting the largest decrease in that metric.
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.