HENDERSONVILLE, Tennessee—Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons, according to STR‘s latest data through 8 July.
2-8 July 2023 (percentage change from comparable week in 2022):
- Occupancy: 61.8% (-2.3%)
- Average daily rate (ADR): US$155.81 (+1.2%)
- Revenue per available room (RevPAR): US$96.36 (-1.2%)
Among the Top 25 Markets, New York City saw the highest year-over-year occupancy increase (+11.4% to 77.3%).
Denver posted the largest ADR gain (+8.6% to US$156.14).
The steepest RevPAR declines were seen in Atlanta (-19.3% to US$64.74) and Minneapolis (-18.8% to US$61.57).
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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Haley Luther
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hluther@str.com
+1 (216) 278 0627
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