U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February.
12-18 February 2023 (percentage change from comparable week in 2019*):
- Occupancy: 60.8% (-5.5%)
- Average daily rate (ADR): US$156.10 (+19.5%)
- Revenue per available room (RevPAR): US$94.94 (+12.9%)
U.S. weekly hotel occupancy reached the 60% mark for the first time since the week ending 19 November 2022.
Among the Top 25 Markets, Washington, D.C., saw the only occupancy increase over 2019 (+2.2% to 59.1%).
Helped by Super Bowl LVII, Phoenix reported the highest ADR (+58.4% to US$278.20) and RevPAR (+44.6% to US$221.02) increases over 2019.
The steepest RevPAR declines from 2019 were seen in San Francisco (-25.9% to US$124.24) and Chicago (-11.7% to US$60.24).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019. Year-over-year comparisons will once again become standard after Q1.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.