Affected by both the Easter and Passover calendar shift, U.S. hotel performance reflected lower year-over-year comparisons from the previous week, according to STR‘s latest data through April 8.
April 2-8, 2023 (percentage change from comparable week in 2022):
- Occupancy: 61.3% (-7.4%)
- Average daily rate (ADR): $153.30 (+0.8%)
- Revenue per available room (RevPAR): $94.00 (-6.7%)
Among the Top 25 Markets, New York City saw the highest year-over-year increases in occupancy (+6.3% to 82.2%) and RevPAR (+19.4% to $232.80).
Houston showed the most substantial ADR growth year over year (+15.5% to $119.91).
The steepest RevPAR declines were seen in New Orleans (-45.2% to $99.34) and Las Vegas (-28.3% to $113.67).
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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