AH&LA - KNOWLEDGE BASE
From hotel properties to students, we have a membership for you!

NEWS ARTICLE
contents brought to you by Hsyndicate

19 June 2009 STR posts US results for 7-13 June 2009 The U.S. hotel industry posted declines in all three key performance measurements during the week of 7-13 June 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 10.1 percent to end the week at 61.0 percent. Average daily rate dropped 9.4 percent to finish the week at US$96.61. Revenue per available room for the week decreased 18.6 percent to finish at US$58.96. With travelers in town for the County Music Festival, held 11-14 June 2009, Nashville, Tennessee, was the only Top 25 Market to report increases in all three key metrics. It rose 5.8 percent in occupancy to 73.2 percent, it increased 5.4 percent in ADR to US$103.66, and it was up 11.5 percent in RevPAR to US$75.88. Among the remaining Top 25 Markets, Detroit, Michigan, reported the largest decrease in occupancy, which fell 28.1 percent to 52.1 percent. San Diego, California, also reported an occupancy decrease of more than 20 percent, dropping 21.2 percent to 62.9 percent. New Orleans, Louisiana, reported the largest increase in ADR, which was up 7.0 percent to US$117.83. New York, New York, reported the largest decrease in ADR, which dropped 29.9 percent to US$207.88. San Diego (-26.8 percent to US$118.80) and San Francisco/San Mateo, California (-24.9 percent to US$127.76) also reported ADR decreases of more than 20 percent. New Orleans was the only market besides Nashville to report an increase in RevPAR, which rose 1.1 percent to US$68.59. Four markets reported RevPAR decreases of more than 30 percent: San Diego (-42.3 percent to US$74.76); Detroit (-36.5 percent to US$41.15); New York (-31.9 percent to US$172.29); and San Francisco/San Mateo (-30.1 percent to US$101.91). About STR & STR Global: For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 37,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com. US results for 7-13 June 2009 | STR The U.S. hotel industry posted declines in all three key performance measurements during the week of 7-13 June 2009, according to data from STR. In year-over-year measurements, the industry’s occupan... Adobe PDF Document (Download Acrobat Reader) File Size: 19 Kb - Friday, 19 June 2009 Smith Travel Research is an AH&LA Allied Member Click here for more information about Smith Travel Research ORGANIZATION Smith Travel Research http://www.strglobal.com 735 E. Main St. USA - Hendersonville, TN 37075 Phone: (615) 824-8664 Fax: (615) 824-3848 RECENT NEWS STR Reports US Hotel Performance For Week Ending 21 August 2010 Monday 30 August 2010 | The U.S. hotel industry reported increases in all three key performance measurements during the week of 15-21 August 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy increased 8.2 percent to 65.3 percent. Average daily rate rose 1.5 percent to US$97.32. STR Reports US Hotel Performance For July 2010 Monday 23 August 2010 | The U.S. hotel industry posted increases in all three key performance measurements during July 2010, according to data from STR. In year-over-year measurements, the industry's occupancy was up 7.0 percent to 67.9 percent. Average daily rate ended the month with a 1.3-percent increase to US$99.14. STR Reports US Hotel Performance For Week Ending 14 August 2010 Monday 23 August 2010 | The U.S. hotel industry reported increases in all three key performance measurements during the week of 8-14 August 2010, according to data from STR. In year-over-year measurements, the industry's occupancy increased 6.9 percent to 68.3 percent. Average daily rate rose 1.9 percent to US$98.88. All Articles from Smith Travel Research

More News

All Latest News

Finance News

Technology News

Sales & Marketing News

Consultant Reports

Multimedia