HENDERSONVILLE, Tennessee—The U.S. hotel industry posted declines in all three key performance measurements during the week of 17-23 May 2009, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 11.1 percent to end the week at 59.4 percent. Average daily rate dropped 9.3 percent to finish the week at US$98.31. Revenue per available room for the week decreased 19.4 percent to finish at US$58.39.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest occupancy increase, up 4.3 percent to 81.3 percent. Oahu Island, Hawaii, was the only other Top 25 Market to report an increase in occupancy, which was up 1.7 percent to 76.0 percent. Detroit, Michigan, ended the week with the largest occupancy decrease, down 22.1 percent to 48.0 percent.
Atlanta, Georgia, reported the only increase in ADR among the Top 25 Markets, rising 2.1 percent to US$91.83. Four markets reported ADR decreases of 15 percent or more: New York, New York (-29.8 percent to US$203.73); Chicago, Illinois (-16.0 percent to US$116.90); San Diego, California (-15.8 percent to US$129.94); and Phoenix, Arizona (-15.0 percent to US$94.93).
San Francisco/San Mateo was the only market to report an increase in RevPAR, which was up 1.0 percent to US$113.16. New York ended the week with the largest RevPAR decrease, falling 33.6 percent to US$173.30. Along with New York, six other markets reported RevPAR decreases of more than 25 percent: Detroit (-30.8 percent to US$38.10); Chicago (-28.0 percent to US$74.16); San Diego (-27.7 percent to US$89.03); Los Angeles-Long Beach, California (-27.5 percent to US$75.24); Tampa-St. Petersburg, Florida (-27.1 percent to US$45.20); and Phoenix (-26.0 percent to US$49.33).
View U.S. Hotel Review for week ending 23 May 2009.
About STR & STR Global:
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 37,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
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