HENDERSONVILLE, Tennessee—The U.S. hotel industry reported increases in all three key performance metrics during January 2013, according to data from STR.
Overall, the U.S. hotel industry’s occupancy rose 3.6 percent to 51.0 percent, its average daily rate was up 5.1 percent to US$105.96 and its revenue per available room increased 8.8 percent to US$54.02.
“January RevPAR growth rate was the strongest performance we’ve seen since June 2012,” said Brad Garner, STR’s COO. “The results were driven both by solid ADR and demand gains with Washington D.C., Miami and New York among the top performers.
“The Chain Scale segments saw growth across all scales, with Luxury leading in both ADR and RevPAR growth rates. Independent hotels also saw strong results this month,” he continued.
Among the Top 25 Markets, New York, New York, achieved the only double-digit occupancy increase, rising 11.4 percent to 73.8 percent. New Orleans, Louisiana, fell 4.5 percent in occupancy to 57.4 percent, posting the largest decrease in that metric.
The three markets that achieved the largest ADR increases were: Washington, D.C. (+17.0 percent to US$151.75); Oahu Island, Hawaii (+15.0 percent to US$209.06); and Miami-Hialeah, Florida (+12.2 percent to US$211.11). New Orleans posted the only ADR decrease, falling 0.2 percent to US$144.76.
Three markets experienced RevPAR increases of more than 15 percent: Washington, D.C. (+25.8 percent to US$79.24); Miami-Hialeah (+17.5 percent to US$174.26); and New York (+16.3 percent to US$145.17). New Orleans posted the largest RevPAR decrease, down 4.7 percent to US$83.12.
Marriott International Acquires Gaylord Hotels -
Marriott International, Inc. has entered into an agreement with Gaylord Entertainment Company to acquire the Gaylord brand and hotel management company for $210 million.
If Gaylord Entertainment’s shareholders approve the company’s conversion into a real estate investment trust (REIT), which is expected in August, Gaylord will continue to own the existing Gaylord hotels and Marriott will assume management of these properties under long-term agreements. The agreement is also subject to lender consent to amendments to Gaylord’s credit facility and other customary closing conditions and regulatory approvals.
Hawaii visitor traffic picks up -
Hawaii arrivals by air are running 11 percent above year-ago levels so far this May, a greater improvement than seen in previous months.
According to daily postings by the state, May arrivals will top 600,000 this weekend. Arrivals from the mainland so far this month are up 7 percent and international arrivals are up 28 percent, including a 36 percent year-to-year increase from Japan.
Hotels - 5 things to know: 23 May 2012 -
• Blog: Blackstone-Accor deal is a win-win
• Revenue managers have some catching up to do
• Invesco: Real-estate opportunities remain in Europe
• Study lends insight into American summer travelers
• ABVI adding hotels at a record pace in 2012
Hotels - 5 things to know: 21 May 2012 -
• STR: Upper-tier US hotels performed best in April
• New ADA pool-lift requirement deadline extended
• Gaylord’s Colorado project clears tax-incentive hurdle
• Study highlights Memorial Day travel trends
• Best Western predicts busy summer travel season
US hotel results week ending 12 May | STR Reports -
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 6-12 May 2012, according to data from STR. In year-over-year comparisons for the week, occupancy ended the week virtually flat with a 0.1-percent increase to 62.7 percent, average daily rate increased 4.5 percent to US$105.85 and revenue per available room jumped 4.5 percent to US$66.35.
Hospitality Industry – Hotels Business Current and Future Trends -
On the home has long been synonymous with the hospitality industry. Any changes in trends in the hospitality industry have an impact on a large scale otherwise diverse industry. What could be an opportunity for a traveler a question of survival for hotels can be? It is not a bit too simple, suggest that the new concepts in hotel industry reveal an atmosphere of intense competition. Here is a look at some key questions:
STR US hotel results for week ending 5 May -
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 29 April-5 May 2012, according to data from STR. In year-over-year comparisons for the week, occupancy was up 5.1 percent to 63.2 percent, average daily rate increased 5.2 percent to US$107.18 and revenue per available room jumped 10.5 percent to US$67.70.
Among the Top 25 Markets, Oahu Island, Hawaii, reported the largest occupancy increase, rising 16.0 percent to 83.9 percent, followed by San Diego, California (+11.8 percent to 70.0 percent), and Dallas, Texas (+11.0 percent to 62.7 percent). Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, falling 2.4 percent in occupancy to 68.6 percent.
A Reality Check for the Hospitality Industry: Are You As Hospitable As You Think? -
As an industry focused on how it makes people feel, it’s essential for professionals in this industry to stop and ask themselves, “Am I practicing the art of hospitality?”
Did you know it can take 3-4 purchases before a company can consider a customer loyal? Knowing this fact makes consumers wonder why businesses aren’t trying harder to earn their loyalty and ensure they’ll never choose another competitor’s product.
Hotels - 5 things to know: 17 May 2012 -
• STR, STR Global release performance, pipeline data
• Survey: Europe at risk for double-dip recession
• Choice introduces new F&B, dual-brand initiatives
• HVS: US hotel revenues, profits spreading
• Global smartphone use rises
STR Issues Strong Summer Forecast for U.S. Hotel Industry -
The U.S. hotel industry is expected to report strong performance results in summer 2012, according to the annual summer forecast by STR, a company that analyzes hotels. STR predicts occupancy for June, July and August combined will rise 1.8 percent to 69 percent, average daily rate will increase 3.9 percent to $106.64 and revenue per available room will increase 5.7 percent to $73.59.
STR: US hotel results week ending 5 May -
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 29 April-5 May 2012, according to data from STR.
In year-over-year comparisons for the week, occupancy was up 5.1 percent to 63.2 percent, average daily rate increased 5.2 percent to US$107.18 and revenue per available room jumped 10.5 percent to US$67.70.
Among the Top 25 Markets, Oahu Island, Hawaii, reported the largest occupancy increase, rising 16.0 percent to 83.9 percent, followed by San Diego, California (+11.8 percent to 70.0 percent), and Dallas, Texas (+11.0 percent to 62.7 percent). Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, falling 2.4 percent in occupancy to 68.6 percent
St. Louis posts top occupancy, RevPAR gains -
St. Louis achieved the largest occupancy and revenue-per-available-room increases during the week of 6-12 May 2012, according to data from STR, parent company of HotelNewsNow.com.
The market’s occupancy rose 22.1% to 71.4%, its RevPAR jumped 29.8% to $61.26 and its average daily rate increased 6.3% to $85.82.
Marriott Vacations Off to Strong 2012 Start -
Marriott Vacations Worldwide Corporation (NYSE: VAC), the world’s leading pure-play vacation ownership company recently spun off from Marriott International in late 2011, is off to a strong start as an independent company. At least that’s one way to view the global timeshare company after Marriott recently reported its first quarter 2012 financial results.