In year-over-year measurements, the industry’s occupancy ended the week with a 4.0-percent increase to 54.9 percent, ADR dropped 3.0 percent to US$96.05, and RevPAR was flat at 0.9 percent to US$52.75.
Adding a hotel with 800-plus rooms to a major metropolitan market can have a positive effect on demand in the overall market.
The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
The Canadian hotel industry reported decreases in all three key performance measurements during the week of 28 February-6 March 2010, according to data from STR.
The United States hotel industry posted its third revenue-per-available-room increase in 18 months. It was the first time the increase wasn’t holiday-related.
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