This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
US hotels report continued growth in 2013
January 23 2014

The U.S. hotel industry’s occupancy increased 1.5% to 62.3%; its ADR was up 3.9% to $110.35; and its RevPAR grew 5.4% to $68.69, according to STR.

HNN Newswire

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported growth in all three key performance metrics in 2013, according to data from STR.
 
Overall, the U.S. hotel industry’s occupancy increased 1.5 percent to 62.3 percent; its average daily rate was up 3.9 percent to US$110.35; and its RevPAR grew 5.4 percent to US$68.69.
 
Jan Freitag, senior VP of strategic development at STR, said the U.S. hotel industry broke records in 2013. For the full year, the U.S. industry had the highest:
  • number of rooms available (1.7 billion);
  • number of rooms sold (1.1 billion);
  • rooms revenue (US$122 billion);
  • ADR (US$110); and
  • RevPAR (US$69)
 
Among the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 5.7 percent to 70.8 percent, followed by Houston, Texas (+5.5 percent to 69.0 percent). Norfolk-Virginia Beach, Virginia reported the largest decrease, down 3.2 percent to 53.3 percent.
 
Oahu Island, Hawaii (+13.9 percent to US$209.01), and San Francisco/San Mateo, California (+9.3 percent to US$187.79), achieved the largest ADR increases for the year. 
 
No ADR decreases were reported for the year.
 
Six markets experienced RevPAR growth of 10 percent or more: Houston (+13.8 percent to US$69.97); Nashville, Tennessee (+13.4 percent to US$71.54); San Francisco/San Mateo (+12.9 percent to US$155.83); Oahu Island, Hawaii (+12.5 percent to US$174.89); Dallas, Texas (+10.8 percent to US$58.23); and Miami-Hialeah, Florida (+10.1 percent to US$137.60). 
 
Washington, D.C., reported the largest RevPAR decrease, falling 1.7 percent to US$95.46, followed by Philadelphia, Pennsylvania-New Jersey (-0.9 percent to US$79.07).
 
Media Contacts:

Jeff Higley 
VP, Digital Media & Communication
jeff@str.com
+1 (615) 824 8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824 8664 ext. 3305 
 
 
COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
Tiered Wi-Fi emerges as new industry model
Owners talk OTAs, branding, living wage
CitizenM turns to Facebook to promote opening
The role of today’s management company
How to mitigate dependence on OTAs
Omni Nashville GM hits hotel jackpot
VIDEO
Hunter Hotel Conference postgame wrap
Bazin outlines Accor investment strategy
Accor's Bazin talks growth
Sébastien Bazin's view from the top
Chris Nassetta talks lifestyle brand
LATEST NEWS
Crowdfunding further fragments hotel ownership
Omni Nashville GM hits hotel jackpot
Denihan restructures to improve its focus
How to mitigate dependence on OTAs
Outrigger strives to ride wave of expansion
US hotel groundbreakings list
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy