Home » Statistics & Trends » Currently Reading:

US hotel performance for August 2013

September 24, 2013 Statistics & Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during August 2013, according to data from STR.

Overall, the U.S. hotel industry’s occupancy rose 2.3 percent to 69.2 percent, its average daily rate was up 4.5 percent to US$112.14, and its revenue per available room increased 6.9 percent to US$77.59.

“As summer waned, the U.S. hotel industry reported another strong month of RevPAR growth,” said Jan Freitag, senior VP of strategic development at STR. “RevPAR increased 5.8 percent year-to-date 2013. Luxury hotel operators were especially able to capitalize on their high occupancies in August—77.1 percent—and increased ADR by 7.9 percent to US$274.36.

“Not surprisingly, resort operators saw continued strong demand increases, and their August ADR increased 6.3 percent, leading RevPAR to jump 10.3 percent,” Freitag continued. “The Top 25 Markets continued their RevPAR increases by 7.7 percent. Their ADR was reported at US$131.62 compared to US$102.37 for the rest of the U.S.”

Among the Top 25 Markets, Nashville, Tennessee, achieved the largest occupancy increase, rising 11.0 percent to 71.3 percent. Tampa-St. Petersburg, Florida, fell 4.5 percent in occupancy to 59.9 percent, posting the largest decrease in that metric.

Five markets experienced double-digit ADR increases: San Francisco/San Mateo, California (+13.9 percent to US$205.01); Oahu Island, Hawaii (+13.7 percent to US$224.02); Seattle, Washington (+11.2 percent to US$145.40); Miami-Hialeah, Florida (+10.6 percent to US$139.29); and Anaheim-Santa Ana, California (+10.0 percent to US$143.99). Tampa-St. Petersburg fell 20.9 percent in ADR to US$91.40, reporting the largest decrease in that metric.

Nashville increased 21.2 percent in RevPAR to US$72.47, achieving the largest increase in that metric, followed by San Francisco/San Mateo (+16.7 percent to US$190.13) and Seattle (+16.7 percent to US$134.59). Tampa-St. Petersburg experienced the largest RevPAR decrease, falling 24.5 percent to US$54.78.

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