U.S. hotels enjoy significant revenue growth in 2011

|

U.S. hotels' revenue per available room (RevPAR) rose 8.2% last year, as San Francisco, Miami, Detroit and Nashville showed especially strong improvement, research firm STR reported.

Hotel-room occupancy rose 4.4 points and surpassed the 60% mark for the first time since 2007. Room rates increased 3.7% to almost $102.

In North America, San Francisco-San Mateo showed the most improvement with a 20% jump in RevPAR.

RevPAR at Nashville and Miami-Hialeah increased 15% and 14%, respectively. Detroit had a 10-point occupancy increase, the largest in North America.

None of the largest 25 North America hotel markets recorded a drop in RevPAR.

U.S. RevPAR will grow 4.3% this year, with room rates expected to rise 3.8% and occupancy to be little changed, forecasted STR.

Follow Danny King on Twitter @dktravelweekly.

Comments

From Our Partners


From Our Partners

An Insider’s Look at the Globus family of brands and Avalon Waterways, featuring Camille Olivere
An Insider’s Look at the Globus family of brands and Avalon Waterways, featuring Camille Olivere
Watch Now
The Luxury Advisor
The Luxury Advisor
Read More
KLM Introduces Premium Comfort
KLM Introduces Premium Comfort
Watch Now

JDS Travel News JDS Viewpoints JDS Africa/MI