U.S. hotel performance jumped from the previous week, while year-over-year comparisons were mixed, according to STR‘s latest data through 10 June.
4-10 June 2023 (percentage change from comparable week in 2022):
- Occupancy: 69.4% (-1.6%)
- Average daily rate (ADR): US$157.69 (+0.5%)
- Revenue per available room (RevPAR): US$109.38 (-1.2%)
Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (+13.0% to 84.8%).
Washington, D.C., posted the only double-digit gain in ADR (+12.0% to US$201.34) and the largest RevPAR increase (+18.7% to US$160.05).
The steepest RevPAR declines were seen in San Francisco (-37.2% to US$161.99) and Las Vegas (-24.8% to US$120.23).
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.