January RevPAR Jumps 8.3 Percent for the Americas
by Michael J. ShapiroFebruary 27, 2013
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Hotels in the Americas posted an 8.3 percent year-over-year gain in revenue per available room for January, according to data compiled by STR and STR Global. That was driven by a 3.3 percent increase in occupancy and a 4.8 percent rise in average daily rate. New York City saw the largest occupancy rise for the month, jumping 11.4 percent to 73.8 percent, while three markets experienced double-digit ADR increases: Washington, D.C. (up 17.0 percent, to $151.75); Miami (up 12.2 percent, to $211.11); and San Juan, Puerto Rico (up 11.2 percent, to $209.30). Cities with RevPAR gains in excess of 15 percent included Washington, D.C. (up 25.8 percent), San Juan (up 18.4 percent), Miami (up 17.5 percent) and New York City (up 16.3 percent). U.S. markets generally led the way with respect to performance gains; January RevPAR grew by 8.8 percent year-over-year at U.S. hotels.