This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
STR: US hotels report continued growth in 2012
January 22 2013

Overall, the U.S. hotel industry’s occupancy increased 2.5% to 61.4%; its ADR was up 4.2% to $106.10; and its RevPAR grew 6.8% to $65.17.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported growth in all three key performance metrics in 2012, according to data from STR.

Overall, the U.S. hotel industry’s occupancy increased 2.5 percent to 61.4 percent, its average daily rate was up 4.2 percent to US$106.10 and its revenue per available room grew 6.8 percent to US$65.17.

“Fiscal cliffs, hurricanes, elections and, at times, a sense of overwhelming uncertainty did not deter positive 2012 year-end performance results,” said Brad Garner, STR’s COO. “Annualized roomnights sold increased by 3.0 percent in 2012, and outpaced the 2007 previous peak levels by 60 million rooms (1.09 billion rooms in 2012 versus 1.03 billion in 2007). Room rates for hotels increased by over 4.0 percent, pushing industry-wide RevPAR by almost 7.0 percent. The industry was also unencumbered by supply growth of 0.5 percent.

“While the industry’s resolve will continue to be tested with pockets of uncertainty, we anticipate continued growth in all industry performance metrics for 2013,” Garner commented.

Among the Top 25 Markets, Houston, Texas, reported the largest occupancy increase, rising 9.4 percent to 65.4 percent, followed by Nashville, Tennessee (+5.8 percent to 65.6 percent), and New Orleans, Louisiana (+5.5 percent to 67.6 percent). Phoenix, Arizona, reported the only decrease, down 0.4 percent to 57.7 percent.

Oahu Island, Hawaii (+11.2 percent to US$183.51), and San Francisco/San Mateo, California (+10.8 percent to US$171.72), achieved the largest ADR increases for the year.

Seven markets experienced RevPAR growth of 10 percent or more: Oahu Island (+16.7 percent to US$155.37); New Orleans (+14.6 percent to US$89.81); Houston (+13.8 percent to US$61.63); San Francisco/San Mateo (+12.8 percent to US$137.99); Tampa-St. Petersburg, Florida (+11.5 percent to US$63.13); Los Angeles-Long Beach, California (+11.0 percent to US$98.11); and Chicago, Illinois (+10.0 percent to US$83.50).

Washington, D.C., posted the only ADR (-0.7 percent to US$143.84) and RevPAR (-0.5 percent to US$97.09) decreases for the year.

STR will release its 2013 and 2014 forecast at the Americans Lodging Investment Summit on 23 January 2013.

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
Caesars' Chapter 11 filing: 5 things to know
German parity ruling opens doors for hoteliers
Hyatt unveils Centric to fill ‘lifestyle’ void
How independents find dynamic distribution mix
Converting group business via online channels
Hoteliers adjust to new accounting guidelines
VIDEO
ALIS 2015 Day One recap
ALIS 2015 Day Two recap
Peaking occupancy: How high can we get?
Wyndham focused on management
Greg Mount talks RLHC's turnaround
LATEST NEWS
Hampshire Hotels launches Début Hotel Group
Delta buy to add fuel to Marriott’s growth
HNN@ALIS: Day Two recap
Video: ALIS 2015 Day Two recap
Career advice to women in the hotel industry
CapEx top of mind at ALIS
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2015 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy