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US hotel results for week ending 24 March
March 30 2012

In year-over-year comparisons for the week, occupancy was up 1.8% to 63.6%; ADR increased 3.8% to $106.51; and RevPAR was up 5.7% to $67.77.

HENDERSONVILLE, Tennessee—The U.S. hotel industry experienced increases in all three key performance metrics during the week of 18-24 March 2012, according to data from STR.

In year-over-year comparisons for the week, occupancy was up 1.8 percent to 63.6 percent, average daily rate increased 3.8 percent to US$106.51 and revenue per available room was up 5.7 percent to US$67.77.

Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, up 18.2 percent to 73.7 percent, followed by Houston, Texas, with an 18.0-percent increase to 74.0 percent. Philadelphia, Pennsylvania-New Jersey, fell 9.0 percent in occupancy to 65.4 percent, posting the largest decrease in that metric, followed by Minneapolis-St. Paul, Minnesota-Wisconsin, with a 7.1-percent decrease to 60.4 percent.


Four markets experienced double-digit ADR increases: Miami-Hialeah, Florida (+14.9 percent to US$228.79); Nashville (+11.9 percent to US$99.94); Denver, Colorado (+11.4 percent to US$98.31); and Houston (+10.9 percent to US$102.13). Dallas, Texas (-1.8 percent to US$89.05), and New Orleans, Louisiana (-1.2 percent to US$133.79) ended the week with the only ADR decreases.

Four markets achieved RevPAR increases of more than 20 percent: Nashville (+32.3 percent to US$73.64); Houston (+30.8 percent to US$75.62); Denver (+24.4 percent to US$63.79); and Miami-Hialeah (+20.6 percent to US$207.68). New Orleans fell 7.7 percent in RevPAR to US$101.23, reporting the largest decrease in that metric, followed by Philadelphia with a 7.5-percent decrease to US$78.12.

View U.S. hotel review for week ending 24 March.

Media Contacts:

Jeff Higley
VP, Digital Media & Communications      

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
jeffhigley11
3/30/2012 5:07:00 PM
LexingtonGreen: We are definitely familiar with the great job that Bill McBride does at www.calculatedriskblog.com. We publish a number of charts and graphs with the various articles that we write as well as the articles and press releases produced by STR and STR Global. We will explore the possibility of adding this type of chart to our offerings in the future. Jeff Higley, HotelNewsNow.com
jeffhigley11
3/30/2012 5:00:00 PM
dandan: we apologize for the exclusion. The weekly table link has been added to the article. Jeff Higley, HotelNewsNow.com
LexingtonGreen
3/30/2012 2:22:00 PM
If you are taking requests, I sure like the way Calculated Risk presents the data. But they don't always run a graph. Anychance to good folks at Hotel News Now can add it? Here a link is just in case you guys are not familiar with it.http://www.calculatedriskblog.com/2012/03/hotels-revpar-increases-69-compared-to.html
dandan
3/30/2012 11:02:00 AM
Jeff, The weekly table of daily numbers that is typically attached to the article is not part of the above article. Will you attach the table? Thanks
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