US Hotel Industry Reports Single Digit Growth

9th February 2011 (Last Updated February 9th, 2011 18:30)

The US hotel industry recorded single digit growth in all three performance metrics during the week beginning 23 January 2011, compared with the corresponding week last year, according to a report by STR Global. In year-over-year comparisons, hotel occupancy during the week increased b

The US hotel industry recorded single digit growth in all three performance metrics during the week beginning 23 January 2011, compared with the corresponding week last year, according to a report by STR Global.

In year-over-year comparisons, hotel occupancy during the week increased by 6.7% to 52%, average daily rate (ADR) increased 2.7% to $97.63 and revenue per available room (revPAR) rose 9.6% to $50.75.

Among the top 25 US markets, Oahu Island, Hawaii, registered the largest increases in all three metrics as occupancy rose 20.5% to 84.5%, ADR increased by 14.2% to $160.94, and revPAR was up 37.7% to $136.02.

Orlando, Florida, reported the largest ADR and revPAR decreases with an ADR drop of 7.1% to $98.25 and a revPAR fall of 9.2% to $62.36.