ASIA Travel Tips.com

STR Reports US Hotel Industry Performance for September 2013

Search ASIA Travel Tips .com Send to Friend ASIA Travel Tips.com Latest Travel News Wednesday, 23 October 2013
 

According to data from STR, the U.S. hotel industry reported positive results in the three key performance metrics during September 2013.

Overall, the U.S. hotel industry’s occupancy slightly rose 0.3% to 63.4%, ADR was up 3.3% to US$111.03, and RevPAR increased 3.6% to US$70.36.

Year-on-year demand grew 0.9% to 94 million room nights sold.

Jan Freitag, senior VP at STR, chalked up the hotel industry’s September performance in part to a quirk in the calendar.

“This dramatic slowdown of demand growth can be partially explained by the loss of one Saturday this year versus last year,” Freitag said. “But there is no doubt that slowing group travel has taken its toll on the results during September, which is a historically strong meeting month.”

Group occupancy declined 1.1% for upper-end hotels, and Freitag said this drop stands in contrast to a 1.2% increase in transient occupancy.

Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 9.7% to 71.4%. Denver, Colorado, followed with a 9.3% increase to 81.0%. New Orleans, Louisiana, reported the largest decrease in occupancy, as it fell 20.2% to 58.7%.

Three Top 25 Markets achieved double-digit ADR increases: Oahu Island, Hawaii (+13.2% to US$203.11); San Francisco/San Mateo, California (+11.8% to US$217.62); and Nashville (+10.7% to US$107.08). Philadelphia, Pennsylvania-New Jersey (-0.4% to US$122.21), and Norfolk-Virginia Beach, Virginia (-0.3% to US$85.52), reported slight decreases for the month.

Five Top 25 Markets experienced RevPAR increases of more than 10%: Nashville (+21.5% to US$76.50); Denver (+16.1% to US$87.72); Houston, Texas (+15.3% to US$67.60); San Francisco/San Mateo (+13.6% to US$194.46); and Oahu Island, Hawaii (+12.9% to US$171.13). New Orleans reported the largest RevPAR decrease, as it fell 18.0% to US$70.89.

See other recent news regarding: Interviews, Pictures, Videos, STR


Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address above, or return to the Latest Travel News Asia main page to see all the latest headlines. You can also s
tay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Wouter Banning, General Manager of The Orchard Wellness and Medical Resort in Melaka, Malaysia. Exclusive HD video interview with Ye Myat Min (Reggie), Commercial Director of Asian Wings Airways, a full service Myanmar-based airline Exclusive HD video interview with Art P. Boncato JR., Assistant Secretary of Tourism Regulation, Coordination and Resource Generation (TRCRG) at the Department of Tourism of Philippines
Wellness Resort, Melaka Asian Wings Airways Philippines Tourism
Exclusive HD video interview with Gilles Flores, General Manager of the Ngapali Bay Villas and Spa in Myanmar. Exclusive HD video interview with Ms. Myat Myat Tun, Deputy Director (Reservation/Ticketing & Interline) Commercial of Air Bagan in Myanmar ATR Demonstrates 72-600 Flight Simulator During Singapore Airshow 2014
Ngapali Bay Villas Air Bagan (Myanmar) ATR Simulator
This exclusive HD video interview with Mr. Vincent Hoogewijs, Regional Vice President and General Manager of the Four Seasons Hotel Bangkok, took place on 2 May 2014 Anantara Bangkok Riverside - Exclusive HD Video Interview with GM, Nikolaus Priesnitz An exclusive HD video interview about the elegant Airbus A350 XWB with David Velupillai, Marketing Director for Airbus Corporate Jets at Singapore Airshow 2014
Four Seasons Bangkok Anantara Riverside BKK Airbus A350
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
© Copyright 1997 - 2015 - ASIA Travel Tips.com - All rights reserved.