U.S. hotel performance jumped from the previous week, while year-over-year comparisons were mixed, according to STR‘s latest data through June 10.
June 4-10, 2023 (percentage change from comparable week in 2022):
- Occupancy: 69.4% (-1.6%)
- Average daily rate (ADR): $157.69 (+0.5%)
- Revenue per available room (RevPAR): $109.38 (-1.2%)
Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (+13% to 84.8%).
Washington, D.C., posted the only double-digit gain in ADR (+12% to $201.34) and the largest RevPAR increase (+18.7% to $160.05).
The steepest RevPAR declines were seen in San Francisco (-37.2% to $161.99) and Las Vegas (-24.8% to $120.23).
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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