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U.S. hotel results for week ending 21 January

With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latestUS hotel demand data through 21 January. 15-21 January 2023 (percentage change from comparable week in 2019*):

  • Occupancy: 54.2% (-6.2%)
  • Average daily rate (ADR): US$140.16 (+11.3%)
  • Revenue per available room (RevPAR): US$75.97 (+4.4%)

Among the Top 25 Markets, Tampa reported the highest increase over 2019 in each of the three key performance metrics: occupancy (+6.8% to 78.8%), ADR (+31.9% to US$174.78) and RevPAR (+41.0% to US$137.76). None of the other Top 25 Markets saw an occupancy lift over 2019. The steepest RevPAR declines from 2019 were seen in San Francisco (-41.5% to US$108.60) and Seattle (-29.2% to US$67.42).  *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.

Tags: 21 January, ending, results, U.S. hotel, week

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