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.
