U.S. hotel performance showed mixed results from the previous week but remained up year over year, according to STR‘s latest data through April 29.
April 23-29, 2023 (percentage change from comparable week in 2022):
- Occupancy: 66.6% (+0.1%)
- Average daily rate (ADR): $156.14 (+5.5%)
- Revenue per available room (RevPAR): $104.01 (+5.6%)
Among the top 25 markets, Boston saw the highest year-over-year occupancy increase (+15.3% to 75.6%).
Of note, New York City (87.8%), Las Vegas (81.5%), and San Francisco (81.1%) were the only three markets to report occupancy above 80%.
Helped by the RSA Conference, San Francisco also reported the largest increases in ADR (+38.9% to $303.25) and RevPAR (+47.0% to $245.99).
The steepest RevPAR declines were seen in Miami (-16.3% to $165.08) and Las Vegas (-12.7% to $130.28).
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 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.
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