Published on : Saturday, December 14, 2013
In year-over-year comparisons, occupancy rose 0.2 percent to 55.4 percent; average daily rate was up 1.9 percent to US$109.70; and revenue per available room increased 2.1 percent to US$60.82.
Among the Top 25 Markets, Chicago, Illinois (+19.8 percent to 70.3 percent), and Phoenix, Arizona (+13.3 percent to 62.2 percent) reported the only double-digit occupancy increases for the week. San Francisco/San Mateo, California, fell 14.3 percent to 74.7 percent in occupancy, posting the largest decrease in that metric. Philadelphia, Pennsylvania-New Jersey, followed with a 12.7-percent decrease in occupancy to 59.6 percent.
Chicago rose 32.3 percent in ADR to US$150.12. New Orleans, Louisiana, followed with a 31.9-percent increase in ADR to US$166.84. Atlanta, Georgia, fell 10.5 percent in ADR to US$91.64, reporting the largest decrease in that metric. Washington, D.C., followed with a 5.6-percent decrease in ADR to US$137.14.
Chicago experienced the largest RevPAR increase (+58.4 percent to US$105.59) followed by Phoenix (+19.4 percent to US$66.63). Philadelphia (-17.4 percent to US$68.51) and San Francisco (-14.8 percent to US$123.96) reported the largest RevPAR decreases for the week.
Tags: Hotel News