Minneapolis skyline - Unsplash
  Among the Top 25 Markets, Minneapolis saw the highest year-over-year increase in occupancy (+17.4% to 54.5%).

STR;

U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR‘s latest data through 15 April. 

9-15 April 2023 (percentage change from comparable week in 2022):

  • Occupancy: 64.2% (+3.7%)
  • Average daily rate (ADR): US$155.33 (+4.7%)
  • Revenue per available room (RevPAR): US$99.67 (+8.6%) 

Among the Top 25 Markets, Minneapolis saw the highest year-over-year increase in occupancy (+17.4% to 54.5%). 

Washington, D.C., showed the most substantial ADR (+22.5% to US$200.99) and RevPAR (+38.1% to US$146.73) growth year over year.  

The steepest RevPAR declines were seen in San Francisco (-22.3% to US$114.41) and Miami (-14.2% to US$189.90).

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.