Five U.S. Cities Score Double-Digit RevPAR Growth in 2010
According to year-end U.S. lodging numbers just released by Smith Travel Research, five cities posted double-digit growth in revenue per available room for the year. New Orleans enjoyed the greatest year-over-year increase, posting a 14.7 percent jump over 2009. The Crescent City was followed by Boston, at 13.1 percent; New York City, with a 12.9 percent increase; Miami, at 10.8 percent; and Denver, with a 10.6 percent increase. Overall, RevPAR grew 5.5 percent in 2010, coupled with an occupancy increase of 5.7 percent. Average daily rate dipped a hair, by 0.1 percent.