U.S. Hotels Post Mixed Results in Early June

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According to data from Smith Travel Research (STR), the U.S. hotel industry reported mixed results in the three key performance measurements during the week of May 30 through June 5, 2010.

In year-over-year measurements, the industry's occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in all three key metrics. The market's occupancy rose 12.1 percent to 78.0 percent, ADR increased 14.2 percent to US$140.56, and RevPAR jumped 28.1 percent to US$109.61.

Two markets, excluding San Francisco/San Mateo reported double-digit occupancy increases: Nashville, Tennessee (11.1 percent to 57.3 percent), and Miami-Hialeah, Florida (+10.3 percent to 63.3 percent). New Orleans, Louisiana, posted the largest occupancy decrease, falling 9.7 percent to 53.3.percent, followed by Washington, D.C. (-8.9 percent to 66.3 percent), and Dallas, Texas (-8.1 percent to 50.7 percent).

New Orleans experienced the largest ADR decrease, falling 28.6 percent to US$96.37, followed by Orlando, Florida, with a 22.1-percent decrease to US$80.90.

Excluding San Francisco/San Mateo, three markets reported double-digit RevPAR increases: Miami-Hialeah (+17.6 percent to US$81.27); New York, New York (+13.5 percent to US$175.13); and Phoenix, Arizona (+11.1 percent to US$38.18). New Orleans posted the largest RevPAR decrease, dropping 35.5 percent to US$51.36, followed by Orlando (-25.5 percent to US$44.25) and Washington, D.C. (-22.4 percent to US$85.22).

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