Global News

U.S. hotel results for week ending 11 February

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 February. US hotel construction pipeline5-11 February 2023 (percentage change from comparable week in 2019*):

  • Occupancy: 57.8% (-8.7%)
  • Average daily rate (ADR): US$150.97 (+13.4%)
  • Revenue per available room (RevPAR): US$87.21 (+3.6%)

While none of the Top 25 Markets saw an occupancy increase over 2019, Dallas came closest to its 2019 comparable (-0.7% to 66.1%). Helped by Super Bowl LVII, Phoenix reported the highest ADR (+129.5% to US$387.06) and RevPAR (+114.3% to US$300.09) increases over 2019. The steepest RevPAR declines from 2019 were seen in San Francisco (-55.9% to US$116.00) and Seattle (-24.1% to US$78.84).   *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: STR, U.S. hotel, week ending

Media,

Related Articles

Related Courses

You might also like:

Advertisements
  • Cendyn 240 400 2404
  • Duetto Trends
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Leading solution providers:

Advertisements