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 8 April.
2-8 April 2023 (percentage change from comparable week in 2022):
Occupancy: 61.3% (-7.4%)
- Average daily rate (ADR): US$153.30 (+0.8%)
- Revenue per available room (RevPAR): US$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 US$232.80).
Houston showed the most substantial ADR growth year over year (+15.5% to US$119.91).
The steepest RevPAR declines were seen in New Orleans (-45.2% to US$99.34) and Las Vegas (-28.3% to US$113.67).
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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