Home Hospitality U.S. hotel results for week ending 29 April

U.S. hotel results for week ending 29 April

U.S. hotel performance showed mixed results from the previous week but remained up year over year, according to STR‘s latest data through 29 April.

23-29 April 2023 (percentage change from comparable week in 2022):

  • Occupancy: 66.6% (+0.1%)
  • Average daily rate (ADR): US$156.14 (+5.5%)
  • Revenue per available room (RevPAR): US$104.01 (+5.6%)

Among the Top 25 Markets, Boston saw the highest year-over-year occupancy increase (+15.3% to 75.6%).

Of note, New York City (87.8%), Las Vegas (81.5%), and San Francisco (81.1%) were the only three markets to report occupancy above 80%.

Helped by the RSA Conference, San Francisco also reported the largest increases in ADR (+38.9% to US$303.25) and RevPAR (+47.0% to US$245.99).

The steepest RevPAR declines were seen in Miami (-16.3% to US$165.08) and Las Vegas (-12.7% to US$130.28).

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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