Global Travel Media » Blog Archive » STR: US hotel results for week ending 16 November

Home » Statistics & Trends » Currently Reading:

STR: US hotel results for week ending 16 November

November 26, 2013 Statistics & Trends No Comments Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 10-16 November 2013, according to data from STR.

In year-over-year measurements, the industry’s occupancy was down 2.3 percent to 60.5 percent. Average daily rate rose 0.8 percent to finish the week at US$109.50. Revenue per available room for the week was down 1.5 percent to US$66.24.

Among the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 12.4 percent to 71.4 percent, followed by Nashville, Tennessee, with an 11.3-percent increase to 71.0 percent. Philadelphia, Pennsylvania-New Jersey (-19.8 percent to 66.5 percent), and New York, New York (-10.8 percent to 82.7 percent), reported the largest occupancy decreases.

New Orleans, Louisiana (+33.3 percent to US$171.20), and Nashville (+13.7 percent to US$114.31), achieved the largest ADR increases during the week. Chicago, Illinois, fell 8.5 percent to US$129.38, reporting the largest ADR decrease.

Two markets experienced RevPAR growth of more than 25 percent: New Orleans (+37.7 percent to US$129.93) and Nashville (+26.5 percent to US$81.18).

“The anniversary of Superstorm Sandy impacted several eastern seaboard markets, which experienced sharp declines in year-over-year RevPAR,” said Brad Garner, senior VP of client services and relationships for STR.

Philadelphia fell 20.8 percent to US$81.97 in RevPAR, reporting the largest decrease in that metric. Other eastern seaboard markets reported sharp declines in RevPAR due to inflated 2012 comps: New York (-16.4 percent), Washington, D.C. (-15.8 percent) and Norfolk-Virginia Beach, Virginia (-13.9 percent).

Also, the Chicago market experienced a decline of 16% as Chicago airports provided safe harbor for travelers impacted by the storm, Garner said.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS