»»US Hotels Occupancy Showing Improvement in January 2010
Despite the January’s results showing a continued improvement of US hotel performance — began toward the end of 2009, the U.S. hotel industry posted declines in all three key performance measurements during January 2010 when compared with a year earlier.
In year-over-year measurements:
- Industry’s occupancy: – 0.4% (decrease to 45.1%) ;
- ADR: – 7.1% (decrease at US$ 93.93) ;
- RevPAR: – 7.4% (decrease at US$ 42.35).
Three of the seven Chain Scale segments reported occupancy increases: the Luxury segment (+9.4% to 57.2%); the Upper Upscale segment (+5.4% to 56.1%); and the Upscale segment (+4% to 53.1%).
Among the Top 25 Markets, Boston, Massachusetts, reported the largest occupancy increase as Houston, Texas, registered the largest occupancy decrease dropping 15.7% to finish the month at 49%
Top occupancy increase:
- Boston, Massachusetts, (+ 18.3% to 48.9%)
- Detroit, Michigan (+11.2% to 44.5%)
- Miami-Hialeah, Florida (+10.6% to 74.6%).
