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STR sees across the board hotel improvement
Friday, 05 Jul, 2011
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Hotel performance is improving nationwide with all three performance metrics last month showing increases, says global hospitality consulting firm STR.
In year-over-year national comparisons, occupancy rose 2.8 percent, to 71.6 percent; the average daily rate increased 3.3 percent, to US$102.33; and revenue per available room finished the week up 6.2 percent, to $73.30.
The largest upticks in each category:
- Dallas had an 11.5 percent increase in occupancy.
- Properties in the San Francisco/San Mateo region experienced an ADR increase of 16.9 percent, hitting $153.55.
- San Francisco/San Mateo also experienced a significant increase in RevPAR, which was up 22.9 percent, to $138.19.
By David Wilkening
David
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