HENDERSONVILLE, Tennessee—Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 March.
12-18 March 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 67.6% (+1.3%, -2.5%)
- Average daily rate (ADR): US$167.04 (+8.9%, +23.9%)
- Revenue per available room (RevPAR): US$112.89 (+10.4%, +20.8%)
Among the Top 25 Markets, Boston saw the highest year-over-year increase in occupancy (+17.8% to 71.8%), while Houston saw the highest occupancy lift over 2019 (+9.6% to 72.5%).
Las Vegas showed the most substantial ADR (+77.9% to US$306.79) and RevPAR growth (+101.5% to US$277.09) year over year. The market also reported the highest increases in the metrics when measuring against 2019: ADR (+113.2% to US$306.79) and RevPAR (+116.9% to US$277.09).
The steepest RevPAR declines from 2019 were seen in San Francisco (-39.7% to US$139.73) and Philadelphia (-12.9% to US$83.68). Year over year, Miami reported the largest RevPAR decrease (-8.9% to US$252.69).
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.
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