US Hotels Report Performance Improvement

24th May 2011 (Last Updated May 24th, 2011 18:30)

The US hotel industry saw an improved performance during April 2011, reporting a 4.9% increase in occupancy, a 2.8% increase in average daily rate (ADR) and a 7.9% increase in revenue per available room (revPAR), according to an STR Global report. The report revealed that occupancy ro

The US hotel industry saw an improved performance during April 2011, reporting a 4.9% increase in occupancy, a 2.8% increase in average daily rate (ADR) and a 7.9% increase in revenue per available room (revPAR), according to an STR Global report.

The report revealed that occupancy rose to 61.2%, ADR increased to $100.55 and revPAR increased to $61.51.

Among the top 25 markets, Houston had the largest occupancy increase of 14.8% to 64.1%.

Four other markets reported occupancy increases of 10% or more: Nashville (up 11.2% to 65.4%), Norfolk-Virginia Beach (up 10.8% to 59.2%), Orlando (up 10.8% to 76.4%) and Minneapolis-St Paul (up 10% to 64.1%).

Two markets reported double-digit ADR increases: Miami-Hialeah (up 13.1% to $170.73) and Oahu Island in Hawaii (up 12.2% to $162.43).

Five markets achieved revPAR increases of more than 15%: Houston (up 26% to $62.73%), Miami-Hialeah (up 23.8% to $136.25), Oahu Island (up 19.2% to $120.20), Orlando (up 16.8% to $78.08) and Nashville (up 16.2% to $62.25).

Washington, DC saw the only revPAR decrease, falling 8.8% to $111.55, with a 6% decrease in occupancy to 73.7% and a 2.9% drop in ADR to $151.28, the largest decrease in that metric.