HENDERSONVILLE, Tennessee—U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February.
29 January through 4 February 2023 (percentage change from comparable week in 2019*):
- Occupancy: 55.3% (-7.3%)
- Average daily rate (ADR): US$145.35 (+13.9%)
- Revenue per available room (RevPAR): US$80.45 (+5.6%)
While none of the Top 25 Markets saw an occupancy increase over 2019, Las Vegas came closest to its 2019 comparable (-1.4% to 78.2%). The market also reported the highest ADR (+79.5% to US$221.38) and RevPAR (+76.9% to US$173.20) increases over 2019, helped by Design & Construction Week 2023 and the NFL Pro Bowl Games.
The steepest RevPAR declines from 2019 were seen in San Francisco (-33.6% to US$136.38) and Seattle (-29.4% to US$69.47).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019. Year-over-year comparisons will once again become standard after Q1.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 75,000 properties and 10 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About STR
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 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), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
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Haley Luther
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hluther@str.com
+1 (216) 278 0627
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