HENDERSONVILLE, Tennessee—U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR‘s latest data through 6 May.
30 April through 6 May 2023 (percentage change from comparable week in 2022):
- Occupancy: 65.2% (+2.0%)
- Average daily rate (ADR): US$157.62 (+6.4%)
- Revenue per available room (RevPAR): US$102.74 (+8.4%)
Among the Top 25 Markets, Chicago saw the highest year-over-year increases in occupancy (+14.7% to 67.7%) and RevPAR (+36.2% to US$116.98).
Of note, New York City (85.1%) and Oahu Island (80.2%) were the only two markets to report occupancy above 80%.
Helped by Taylor Swift’s Eras Tour, Nashville reported the largest increase in ADR (+27.9% to US$227.79) and the second-highest jump in RevPAR (+33.2% to US$174.20).
The only RevPAR declines were seen in Miami (-9.9% to US$197.12) and San Francisco (-2.4% to US$141.18).
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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hluther@str.com
+1 (216) 278 0627
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