This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here     

STR: Upper-midscale hotels top weekly gains

Bookmark and Share

 

09 February 2012
By Rachael Spann Urie
Director, Public Relations, STR
rurie@str.com

HENDERSONVILLE, Tennessee—The upper-midscale segment reported the largest increases in occupancy and revenue per available room during the week of 29 January-4 February 2012, according to data from STR.

The segment’s occupancy rose 7.9% to 51.5%, and its revenue per available room increased 11.5% to US$47.28. The segment’s average daily rate was up 3.4% to US$91.79.

The upscale segment reported the largest increase in ADR with an increase of 3.6% to US$112.73.

Overall, the U.S. hotel industry’s occupancy was up 5.5% to 51.7%, its ADR increased 3.1% to US$100.45 and RevPAR was up 8.7% to US$51.98.

Among the top 25 markets, Nashville, Tennessee, rose 19% in occupancy to 55.5%, posting the largest increase in that metric, followed by Seattle, Washington (+13.2% to 57.9%), and Houston, Texas (+12% to 61.6%).

Dallas, Texas, which hosted Super Bowl XLV on 6 February 2011, reported the largest decreases in all three performance metrics. The market fell 12.8% in occupancy to 53.5%, 40.2% in ADR to US$89.27, and 47.8% in RevPAR to US$47.74.

Miami-Hialeah, Florida (+11.5% to US$192.65), and Anaheim-Santa Ana, California (+11.2% to US$113.16) reported the largest ADR increases for the week.

Three markets experienced RevPAR increases of more than 20%: Seattle (+25% to US$66.87); Anaheim-Santa Ana (+22% to US$67.96); and Nashville (+21.8% to US$50.41).

Bookmark and Share





0 Comments
Show All



Login
Or enter a name to post your comment:

Post Your Comment

(4000 charcters 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 HotelNewsNow.com or its parent company, Smith Travel Research and its affiliated companies. Please report any violations to our editorial staff.



Follow HotelNewsNow.com on Twitter Subscribe to the HotelNewsNow.com RSS Feed Connect with HotelNewsNow.com on LinkedIn