US hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR‘s latest data through 17 June.
11-17 June 2023 (percentage change from comparable week in 2022):
- Occupancy: 70.8% (-1.1%)
- Average daily rate (ADR): US$159.82 (+2.6%)
- Revenue per available room (RevPAR): US$113.17 (+1.5%)
Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (+11.0% to 84.1%).
Los Angeles posted the highest gain in ADR (+12.7% to US$222.47), helped by the 123rd U.S. Open.
Las Vegas reported the largest year-over-year RevPAR increase (+16.8% to US$146.33).
The steepest RevPAR declines were seen in New Orleans (-24.4% to US$90.01) and San Francisco (-18.4% to US$138.95).
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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 www.str.com
