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Published on : Saturday, November 9, 2013
In year-over-year measurements, the industry’s occupancy increased 1.1 percent to 58.2 percent. Average daily rate rose 4.2 percent to finish the week at US$108.82. Revenue per available room for the week was up 5.3 percent to finish at US$63.29.
Among the Top 25 Markets, Washington, D.C., reported the largest occupancy increase, rising 21.9 percent to 63.1 percent, followed by Boston, Massachusetts, with a 17.9-percent increase to 74.1 percent. Philadelphia, Pennsylvania-New Jersey (-12.0 percent to 63.3 percent), and Chicago, Illinois (-7.5 percent to 63.5 percent) reported the largest occupancy decreases.
New Orleans, Louisiana (+22.6 percent to US$169.02), and San Francisco/San Mateo, California (+22.4 percent to US$208.29), achieved the largest ADR increases during the week. Chicago fell 9.6 percent to US$126.51, reporting the largest ADR decrease.
Six markets experienced RevPAR growth of more than 25 percent: Washington, D.C. (+46.7 percent to US$97.22); San Francisco/San Mateo (+34.6 percent to US$176.41); New Orleans (+33.6 percent to US$127.82); Minneapolis-St Paul, Minnesota-Wisconsin (+27.7 percent to US$68.63); St Louis, Missouri-Illinois (+26.7 percent to US$63.60); Boston (+26.6 percent to US$132.69).
Chicago fell 16.4 percent to US$80.31 in RevPAR, reporting the largest decrease in that metric.