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US hotels log YOY gains in 2 key metrics

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US hotels log YOY gains in 2 key metrics

U.S. hotels posted positive year-over-year results in two ofthree key performance metrics in the week ended April 9, STR Inc. reported.

RevPAR edged 3.9% higher to close at $83.83, ADR rose 3.9% tofinish the week at $122.90 and occupancy stayed flat at 68.2% during the week.

Among the top 25 markets, four recorded more than 20.0% growthin RevPAR. Chicago and Atlanta led the pack, rising 27.3% to $100.88 and 27.3% to$85.07, respectively, during the week. The Dallas market posted a 25.6% gain to$91.01.

The Norfolk/Virginia Beach, Va., and Miami/Hialeah, Fla., marketsreported respective double-digit declines in RevPAR, dropping 15.7% to $48.09 and10.9% to $171.60 during the week.

In terms of ADR, Atlanta led the nine markets notching double-digitgains during the week, increasing 20.1% to $110.94, followed by the Houston andChicago markets, with respective gains of 17.7% to $123.82 and 16.5% to $142.37.

The Miami market experienced the biggest ADR decrease duringthe period, falling 8.4% to $211.21.

Of the three markets to see a double-digit increase in occupancy,Dallas gained the most rising 13.5% to 82.8% during the week. The Norfolk/VirginiaBeach market experienced the only double-digit drop in the metric, down 14.1% to55.2% during the week.

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