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STR: US hotels notch YOY gains in 3 key performance metrics

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STR: US hotels notch YOY gains in 3 key performance metrics

U.S. hotels posted year-over-year increases across three keyperformance metrics in the week ended April 30, STR Inc. reported.

RevPAR edged 2.2% higher to close at $82.34, ADR inched up0.6% to finish the week at $121.15 and occupancy rose 1.5% to 68.0%.

Five of the top 25 markets experienced at least 15% growthin RevPAR during the period, with St. Louis, Mo.-Ill., taking the lead,increasing 27.0% to $90.15. Following closely were the Norfolk/Virginia Beach,Va., and Tampa/St. Petersburg, Fla., markets, rising 24.5% to $60.18 and 18.6%to $101.67, respectively.

San Francisco/San Mateo, Calif. and New York City were theonly two markets that experienced double-digit decreases in RevPAR, down 10.8%to $178.90 and 10.1% to $215.66, respectively, during the week.

St. Louis also led the four markets that logged double-digitincreases in ADR, up 12.0% to $114.08. Nashville and Tampa/St. Petersburg wereup 11.7% to $145.40 and 10.2% to $129.47, respectively, while Los Angeles/LongBeach, Calif., rose 10.1% to $173.84 during the period. The New York Citymarket posted the biggest ADR decline during the week, falling 7.2% to $249.64.

In terms of occupancy, Norfolk/Virginia Beach recorded thebiggest gain, surging 14.0%, to 63.5% during the week. The Atlanta market experiencedthe steepest decrease in the metric, down 7.8%, to 69.1% during the period.