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 The U.S. hotel industry experienced increases in all three key performance metrics during the week of 24-30 June 2012, according to data from STR.
In year-over-year comparisons for the week, occupancy ended the week with a 6.9-percent increase to 71.7 percent, average daily rate increased 5.3 percent to US$106.27 and revenue per available room rose 12.6 percent to US$76.21.
Nine of the Top 25 Markets had double-digit increases in occupancy rate. Leading the way was Phoenix, Arizona, with a 19.3-percent increase to finish the week at 54.4 percent. Other top markets with occupancy increases included Houston, Texas, with a 17.3-percent rise to 68.6 percent and Dallas, Texas, with a 16.5-percent increase to 69.6 percent. Only two markets among the Top 25 Markets showed occupancy declines for the week: New Orleans, Louisiana (-5.4 percent to 62.9 percent) and Miami-Hialeah, Florida (-3.5 percent to 71.1 percent).
Source: STR
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