U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR‘s latest data through 15 April.
9-15 April 2023 (percentage change from comparable week in 2022):
- Occupancy: 64.2% (+3.7%)
- Average daily rate (ADR): US$155.33 (+4.7%)
- Revenue per available room (RevPAR): US$99.67 (+8.6%)
Among the Top 25 Markets, Minneapolis saw the highest year-over-year increase in occupancy (+17.4% to 54.5%).
Washington, D.C., showed the most substantial ADR (+22.5% to US$200.99) and RevPAR (+38.1% to US$146.73) growth year over year.
The steepest RevPAR declines were seen in San Francisco (-22.3% to US$114.41) and Miami (-14.2% to US$189.90).
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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