Hotel occupancy in the US increased by 6.8% to 61.6% in year-on-year comparisons for the week ending 29 October 2011, according to data by STR Global.
The industry’s average daily rate (ADR) increased by 4.7% and revenue per available room (revPAR) ended the week up by 11.8%.
Nashville, Tennessee, registered a 24.9% increase in occupancy to 71%, the largest rise in the metric, followed by St Louis, Missouri-Illinois, with a 19.2% climb to 64%.
Washington, District of Columbia, registered a decrease of 8.3% in occupancy to 75%, posting the largest fall in the metric.
St Louis, Nashville and San Francisco / San Mateo, California, reported ADR increases of 20.6%, 17.8% and 16.6%, respectively, while Boston, Massachusetts, posted the largest ADR fall of 3.1%.
Nashville registered a revPAR rise of 47.2%, St Louis 43.7% and San Francisco / San Mateo 27.3%, while Washington’s revPAR fell by 9.7%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData