U.S. Hotel Revenue Per Available Room for the Week Ending March 25th at US$102.98

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  Washington, D.C., showed the most substantial ADR (+20.9% to US$194.18) and RevPAR growth (+33.4% to US$139.83) year over year.

STR;

Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 25 March.

19-25 March 2023 (percentage change from comparable weeks in 2022, 2019):

  • Occupancy: 64.9% (-0.6%, -6.3%)
  • Average daily rate (ADR): US$158.61 (+4.7%, +19.5%)
  • Revenue per available room (RevPAR): US$102.98 (+4.1%, +12.0%)

Among the Top 25 Markets, Chicago saw the highest year-over-year increase in occupancy (+12.2% to 63.4%), while Phoenix saw the only occupancy lift over 2019 (+3.1% to 81.5%).

Washington, D.C., showed the most substantial ADR (+20.9% to US$194.18) and RevPAR growth (+33.4% to US$139.83) year over year. Las Vegas reported the highest increases in the metrics when measuring against 2019: ADR (+42.7% to US$187.21) and RevPAR (+31.5% to US$148.86).

The steepest RevPAR declines from 2019 were seen in Seattle (-11.8% to US$101.31) and New Orleans (-11.4% to US$124.47).  New Orleans also reported the largest RevPAR decrease year over year (-12.4% to US$124.47). 

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.

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About Mary Weyand 14392 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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