Subscribe:Posts Comments

You Are Here: Home » Current Affairs, Financial News, Hospitality News » STR: US hotel performance for October 2011







STRGLogoThe U.S. hotel industry in October reported increases in all three key performance metrics, according to data from STR.

Overall, the U.S. hotel industry’s occupancy rose 2.9 percent to 63.1 percent, its average daily rate was up 3.9 percent to US$104.99 and its revenue per available room increased 7.0 percent to US$66.20.

“October proved to be another strong month for the hotel industry,” said Amanda Hite, president of STR. “We continue to measure low supply growth, increased demand and steady increases in room revenue. These favorable conditions persist despite macroeconomic volatility as 2011 comes to a close.”


Among the Top 25 Markets, Detroit, Michigan, reported the largest occupancy increase, rising 10.4 percent to 64.5 percent, followed by Nashville, Tennessee, with a 10.3-percent increase to 67.8 percent. New Orleans, Louisiana, fell 3.1 percent in occupancy to 69.6 percent, posting the largest decrease in that metric.

Four top markets experienced double-digit ADR increases: San Francisco/San Mateo, California (+19.4 percent to US$188.24); Miami-Hialeah, Florida (+12.0 percent to US$141.37); Nashville (+11.9 percent to US$99.15); and St. Louis, Missouri-Illinois (+11.4 percent to US$91.75). Atlanta, Georgia (-1.6 percent to US$87.02), and Washington, D.C. (-0.5 percent to US$158.80), reported the only ADR decreases.

Nashville jumped 23.5 percent in RevPAR to US$67.25, achieving the largest increase in that metric, followed by Miami-Hialeah (+22.4 percent to US$105.71) and San Francisco/San Mateo (+20.4 percent to US$161.27). Atlanta fell 3.8 percent in RevPAR to US$52.98, posting the largest decrease in that metric, followed by Washington, D.C., with a 1.8-percent decrease to US$117.56.

Enhanced by Zemanta

Furniture

Click here to submit your review.


Submit your review
* Required Field

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
  • Facebook

3 Comments

  1. Bed Bath and Beyond Coupons…

    [...]these are several web page links to places I always connect to since we believe there’re truly worth visiting[...]…

  2. iasbet
    says:

    Sites we Like……

    [...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……

  3. link wheel
    says:

    Its hard to find good help…

    I am forever proclaiming that its difficult to find good help, but here is…

Leave a Reply

You must be Logged in to post comment.

© 2011 Hospitality Portal – Hospitality TV – Hotelier & Hospitality News Channel · Subscribe:PostsComments · Designed by HP · Powered by 1st Hospitality