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by Michael J. Shapiro | April 23, 2012

U.S. hotels experienced an 8 percent year-over-year jump in revenue per available room for the month of March, according to data just released from STR. That was driven by a 4 percent rise in occupancy and a 3.9 percent jump in average daily rate for the month. In particular, the rise in room rate was significant among hotels in the top 25 markets -- a 4.8 percent increase over last March -- leading to an 8.7 percent jump in RevPAR in those cities. Nashville performed particularly well last month, posting a 17.2 percent rise in occupancy, a 7.1 percent hike in average daily rate and a 25.5 percent increase in RevPAR. Leading the way in rate increases was Oahu, Hawaii, which posted an average daily rate that was 11.2 percent higher than in March 2011, along with a 6.5 percent increase in occupancy, creating a RevPAR jump of 18.4 percent.