HENDERSONVILLE, Tennessee—Miami-Hialeah hotels reported the strongest performance increases in average daily rate and revenue per available room during the week of 2-8 December 2012, according to data from STR, parent company of HotelNewsNow.com.
The market’s ADR rose 44% to $211.34, its RevPAR jumped 64.9% to $183.07 and its occupancy increased 14.5% to 86.6%. The market hosted the Art Basel art festival 6-9 December. Last year the event was held the previous week, on 1-4 December 2011.
Overall, the U.S. hotel industry’s occupancy was up 3.6% to 55.3%, ADR rose 5.4% to $107.64 and RevPAR increased 9.2% to $59.57.
Among the top 25 markets, Atlanta rose 15.3% in occupancy to 60.4%, reporting the largest increase in that metric. The market hosted the American Society of Hematology annual meeting on 7-11 December. San Diego (-7.6% to 59.6%) and Phoenix (-5.1% to 55%) reported the largest occupancy decreases for the week.
Other than Miami-Hialeah, Atlanta also reported an ADR increase of more than 20%; the market's ADR increased 24.1% to $102.52. San Diego posted the only double-digit ADR decrease, dropping 14% to $115.67.
Miami-Hialeah (+64.9% to $183.07) and Atlanta (+43% to $61.88) achieved the largest RevPAR increases for the week. Two markets experienced double-digit RevPAR decreases: San Diego (-20.5% to $68.93) and New Orleans (-10.9% to $83.68).
Among the chain-scale segments, the luxury segment reported the largest occupancy increase, rising 5.6% to 75.6%, followed by the midscale segment with a 4.5% increase to 45.9%.
The luxury segment (+7.4% to $287.16) and the independent segment (+6.8% to $103.23) achieved the largest ADR increases.
Two segments experienced double-digit RevPAR increases: the luxury segment (+13.4% to $217.57) and the independent segment (+11.3% to $52.26).
None of the chain-scale segments reported performance decreases for the week.