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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: US results for week ending 27 February Monday 8 March 2010 | In year-over-year measurements, the industry’s occupancy ended the week with a 2.5-percent increase to 55.3 percent. Average daily rate dropped 4.7 percent to finish the week at US$96.06. Revenue per available room for the week fell 2.3 percent to finish at US$53.15. STR reports US performance for week ending 20 February 2010 Monday 1 March 2010 | The U.S. hotel industry reported mixed results in the three key measurements during the week of 14-20 February 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy ended the week with a 2.4-percent increase to 55.4 percent. Average daily rate dropped 4.4 percent to finish the week at US$95.81. STR reports US hotel performance for January 2010 Wednesday 24 February 2010 | The U.S. hotel industry posted declines in all three key performance measurements during January 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy ended the month virtually flat with a 0.4-percent decrease to 45.1 percent. Average daily rate dropped 7.1 percent to finish the month at US$93.93. All Articles from Smith Travel Research

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