U.S. Hotel Performance Increased from the Previous Week and Showed Improved YOY Comparisons for the Week of July 15th

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  Helped by Taylor Swifts Eras Tour, Denver posted the largest ADR (+20.1% to US$199.95) and RevPAR (+25.9% to US$177.40) gains.

U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July.

9-15 July 2023 (percentage change from comparable week in 2022):

  • Occupancy: 72.0% (+0.1%)
  • Average daily rate (ADR): US$159.98 (+1.5%)
  • Revenue per available room (RevPAR): US$115.18 (+1.6%)

Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (+7.7% to 79.4%).

Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (+20.1% to US$199.95) and RevPAR (+25.9% to US$177.40) gains.  

The steepest RevPAR declines were seen in Chicago (-8.9% to US$126.62) and Miami (-8.3% to US$123.26).

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.


About Mary Weyand 11096 Articles
Mary founded Scoop Tour with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the Automobile industry, she also contributes her knowledge for the Automobile section of the website.

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