HENDERSONVILLE, Tennessee—The U.S. hotel industry reported increases in all three key performance metrics during the week of 24-30 April 2011, according to data from STR.
In year-over-year comparisons, occupancy rose 4.4 percent to 61.3 percent, average daily rate increased 1.0 percent to US$99.23, and revenue per available room finished the week up 5.5 percent to US$60.78.
Among the Top 25 Markets, Orlando, Florida, rose 19.9 percent in occupancy to 75.0 percent, reporting the largest increase in that metric, followed by Minneapolis-St. Paul, Minnesota-Wisconsin, with a 16.3-percent increase to 66.6 percent.
Washington, D.C., experienced the largest decreases in all three key performance metrics. The market’s occupancy fell 10.1 percent to 70.1 percent, ADR was down 9.5 percent to US$147.04, and RevPAR dropped 18.6 percent to US$103.01.
Miami-Hialeah, Florida, posted the only double-digit ADR increase, rising 14.0 percent to US$165.58.
Four markets achieved RevPAR increases of more than 15 percent: Orlando (+26.8 percent to US$74.90); Minneapolis-St. Paul (+25.3 percent to US$64.92); Miami-Hialeah (+24.6 percent to US$131.77); and Nashville, Tennessee (+17.8 percent to US$62.83).
View U.S. hotel review for week ending 30 April.
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Rachael Spann Urie
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