As expected with the Memorial Day holiday, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 3 June.
28 May through 3 June 2023 (percentage change from comparable week in 2022):
- Occupancy: 61.6% (-2.3%)
- Average daily rate (ADR): US$150.28 (+1.3%)
- Revenue per available room (RevPAR): US$92.55 (-1.0%)
Among the Top 25 Markets, Las Vegas saw the highest year-over-year occupancy lift (+9.5% to 73.5%).
Washington, D.C., posted the only double-digit gain in ADR (+10.7% to US$174.53).
Boston reported the largest RevPAR increase (+18.6% to US$176.93) over 2022.
The steepest RevPAR declines were seen in San Francisco (-15.6% to US$108.49) and Orlando (-12.8% to US$109.48).
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.