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Luxury posts largest weekly ADR, RevPAR gains.
Saturday, 3rd August 2013
Source : STR
The luxury segment reported the largest increases in average daily rate and revenue per available room during the week of 21-27 July 2013, according to data from STR.

The segment's ADR grew 5.1% to $269.67 and its RevPAR went up 4.1% to $217.91. However, the luxury chain scale was one of only two to experience a decrease in occupancy, which was down 1% to 80.8%.

The upper-midscale segment (+0.3% to 78.2%), the midscale segment (+0.3% to 70%) and the independent segment (+0.3% to 73.7%) reported the largest occupancy increases.

None of the chain-scale segments reported ADR or RevPAR decreases for the week.

Overall, in year-over-year comparisons, the U.S. hotel industry's occupancy rose slightly by 0.2% to 75.2%, its ADR increased 3% to $112.50 and its RevPAR grew 3.2% to $84.60.

Among the top 25 markets, Denver reported the largest occupancy increase, rising 6.5% to 90.7%. Atlanta followed with a 5.9% increase in occupancy to 71%. Minneapolis-St. Paul (-7.4% to 78.8%) and San Diego (-6.6% to 89.1%) posted the largest occupancy decreases.

Oahu Island, Hawaii, achieved the largest ADR increase, rising 11.8% to $219.01, followed by Anaheim-Santa Ana (+10.7% to $149.73).

Seven markets experienced double-digit RevPAR increases: Anaheim-Santa Ana (+14.1% to $141.32); Atlanta (+12.6% to $62.61); Denver (+12.6% to $101.34); Nashville (+12.4% to $83.46); Houston (+11.1% to $69.71); Los Angeles-Long Beach (+10.8% to $130.96); and St. Louis (+10.7% to $70.96).

Washington, D.C., reported the largest decreases in both ADR (-7.6% to $131.58) and RevPAR (-12.6% to $103.02) for the week.

www.str.com
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