U.S. Hotels Report RevPAR for the Week Ending April 1st at US$104.78 – Up 15.7% from 2019
Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increase in occupancy (+18.2% to 78.7%)
Aligned with normal spring break patterns, U.S. hotel performance showed mix comparisons from the previous week, according to STR‘s latest data through 1 April.
26 March through 1 April 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 66.2% (+3.4%, -3.5%)
- Average daily rate (ADR): US$158.40 (+7.3%, +19.9%)
- Revenue per available room (RevPAR): US$104.78 (+10.9%, +15.7%)
Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increase in occupancy (+18.2% to 78.7%), while Dallas saw the highest occupancy lift over 2019 (+6.2% to 73.0%).
Houston showed the most substantial ADR growth year over year (+25.8% to US$133.50), while Phoenix reported the highest ADR increase over 2019 (+49.4% to US$232.54).
Las Vegas reported the highest RevPAR increase when measuring against 2019 (+49.8% to US$168.41), while Washington, D.C., registered the largest year-over-year increase in the metric (+44.1% to US$165.44).
The steepest RevPAR declines from 2019 were seen in Minneapolis (-37.4% to US$66.73) and San Francisco (-27.5% to US$123.96). New Orleans reported the largest RevPAR decrease year over year (-26.4% to US$125.83).
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.
Categories: Trends