HENDERSONVILLE, Tennessee—Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 March.
5-11 March 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 64.7% (+2.8%, -7.5%)
- Average daily rate (ADR): US$158.20 (+8.1%, +16.6%)
- Revenue per available room (RevPAR): US$102.38 (+11.1%, +7.8%)
Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increase in occupancy (+21.8% to 67.6%). None of the Top 25 Markets saw an occupancy lift over 2019.
D.C. also showed the most substantial ADR (+23.4% to US$183.86) and RevPAR growth (+50.2% to US$124.33) year over year.
In terms of ADR, Anaheim reported the highest ADR (+51.4% to US$245.62) and RevPAR (+42.2% to US$189.81) increases when measuring against 2019.
The steepest RevPAR declines from 2019 were seen in San Francisco (-22.8% to US$144.02) and Minneapolis (-15.2% to US$61.44). Year over year, San Diego (-16.1% to US$61.99) reported the largest RevPAR decrease.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 77,000 properties and 10 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a 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), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
North America Media Contact
Haley Luther
Communications Manager
hluther@str.com
+1 (216) 278 0627
General Media Inbox:
media@str.com
0 Comments