HENDERSONVILLE, Tennessee—New Orleans reported the largest average daily rate and revenue per available room increases for the week ending 13 March 2010, according to data from STR.
The market’s ADR rose 38.3 percent to US$168.78 and RevPAR jumped 66.7 percent to US$137.06. New Orleans hosted the American Academy of Orthopaedic Surgeons 2010 Annual Meeting March 9-13 2010.
Overall the industry’s occupancy ended the week with a 4.6-percent increase to 57.7 percent, ADR dropped 1.9 percent to US$97.80, and RevPAR was up 2.6 percent to US$56.44
Among the Chain Scale segments all seven segments ended the week with occupancy increases. The Luxury segment reported the largest increases in occupancy and RevPAR, jumping 10.8 percent to 67.4 percent and 7.7 percent to US$168.51, respectively.
Among the Top 25 Markets, Nashville, Tennessee, experienced the largest occupancy increase, rising 21.4 percent to 65.6 percent. Two of the top markets posted occupancy declines: Houston, Texas (-5.1 percent to 64.2 percent), and Norfolk-Virginia Beach, Virginia (-1.6 percent to 47.0 percent).
Nashville was the only market, besides New Orleans, to report a double-digit ADR increase, up 10.6 percent to US$100.34.
Houston posted the largest RevPAR decrease, falling 11.3 percent to US$60.44, followed by Tampa-St. Petersburg (-6.1 percent to US$77.14) and Seattle, Washington (-5.6 percent to US$65.91).
Read official press release for week ending 13 March 2010 from STR.