Aligned with normal spring break patterns, U.S. hotel performance showed mix comparisons from the previous week, according to STR‘s latest data through April 1.
March 26 through April 1, 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 66.2% (+3.4%, -3.5%)
- Average daily rate (ADR): $158.40 (+7.3%, +19.9%)
- Revenue per available room (RevPAR): $104.78 (+10.9%, +15.7%)
Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increase in occupancy (+18.2% to 78.7%), while Dallas saw the highest occupancy lift over 2019 (+6.2% to 73.0%).
Houston showed the most substantial ADR growth year over year (+25.8% to $133.50), while Phoenix reported the highest ADR increase over 2019 (+49.4% to $232.54).
Las Vegas reported the highest RevPAR increase when measuring against 2019 (+49.8% to $168.41), while Washington, D.C., registered the largest year-over-year increase in the metric (+44.1% to $165.44).
The steepest RevPAR declines from 2019 were seen in Minneapolis (-37.4% to $66.73) and San Francisco (-27.5% to $123.96). New Orleans reported the largest RevPAR decrease year over year (-26.4% to $125.83).
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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