U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January.
22-28 January 2023 (percentage change from comparable week in 2019*):
- Occupancy: 56.3% (-0.3%)
- Average daily rate (ADR): US$142.66 (+13.4%)
- Revenue per available room (RevPAR): US$80.32 (+13.0%)
Among the Top 25 Markets, Dallas reported the highest occupancy increase over 2019 (+10.3% to 69.8%).
Tampa saw the largest increases in both ADR (+32.5% to US$179.72) and RevPAR (+37.0% to US$137.70).
The steepest RevPAR declines from 2019 were seen in Atlanta (-34.5% to US$91.86) and San Francisco (-28.2% to US$115.29).
*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.
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.