STR Reports US Hotel Performance for June 2013

According to data compiled by STR, the Americas region recorded mostly positive results in the three key performance metrics during June 2013 when reported in U.S. dollars.

The Americas region reported in June a 0.2% decrease in occupancy to 69.6%, a 3.0% increase in ADR to US$113.03, and a 2.8% growth in RevPAR to US$78.69.

During the first six months of 2013, the region’s occupancy rose 1.5% to 61.9%, ADR grew 3.7% to US$112.05 and RevPAR increased 5.3% to US$69.32.

Among the key markets in the region, Vancouver, Canada, reported the only double-digit occupancy increase, rising 12.5% to 82.6%. Panama City, Panama, fell 10.1% in occupancy to 45.4%, posting the largest decrease in that metric.

Chicago, Illinois, led the ADR increases, rising 8.8% to US$153.70. San Francisco, California, followed with a 6.4% increase to US$189.27. Rio de Janeiro, Brazil, reported the only double-digit ADR decrease, falling 10.2% to US$242.04.

Vancouver achieved the only double-digit RevPAR increase, rising 18.4% to US$122.11. Two markets experienced double-digit RevPAR decreases: Panama City (-15.7% to US$49.62) and Santiago, Chile (-11.4% to US$101.51).