HENDERSONVILLE, Tennessee—Boston, Massachusetts, led the top 25 markets with occupancy and revenue-per-available room increases for the week ending 27 March 2010, according to data from STR.
The market’s occupancy jumped 31.0 percent to 71.8 percent, and RevPAR soared 32.0 percent to US$92.96.
Overall, the U.S. industry’s occupancy ended the week with a 5.9-percent increase to 59.9 percent, average daily rate dropped 1.6 percent to US$98.29, and RevPAR was up 4.2 percent to US$58.89.
Two markets, besides Boston, posted occupancy increases of more than 15 percent: New Orleans, Louisiana (+19.7 percent to 71.0 percent), and Tampa-St. Petersburg, Florida (+17.0 percent to 76.7 percent).
Miami-Hialeah, Florida, posted the largest ADR increase, up 5.1 percent to US$193.59. Three markets experienced double-digit ADR decreases: Anaheim-Santa Ana, California (-13.3 percent to US$99.38); Denver,Colorado (-11.1 percent to US$90.17); and Chicago, Illinois (-10.1 percent to US$99.01).
New Orleans ended the week with a 21.9-percent RevPAR increase to US$83.90. Houston reported the largest RevPAR decrease, falling 12.2 percent to US$54.23.
Among the chain-scale segments, the luxury segment reported the only double-digit occupancy increase, up 10.5 percent to 71.7 percent. The Independent segment was the only segment that did not report an ADR decrease for the week, ending flat at US$94.60. The luxury segment experienced the largest RevPAR increase, rising 7.1 percent to US$178.38.
Source: STR
Source: STR
