U.S. hotel results for week ending 18 February - Insights
Global News

U.S. hotel results for week ending 18 February

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February. US hotels profit12-18 February 2023 (percentage change from comparable week in 2019*):

  • Occupancy: 60.8% (-5.5%)
  • Average daily rate (ADR): US$156.10 (+19.5%)
  • Revenue per available room (RevPAR): US$94.94 (+12.9%)

U.S. weekly hotel occupancy reached the 60% mark for the first time since the week ending 19 November 2022. Among the Top 25 Markets, Washington, D.C., saw the only occupancy increase over 2019 (+2.2% to 59.1%). Helped by Super Bowl LVII, Phoenix reported the highest ADR (+58.4% to US$278.20) and RevPAR (+44.6% to US$221.02) increases over 2019. The steepest RevPAR declines from 2019 were seen in San Francisco (-25.9% to US$124.24) and Chicago (-11.7% to US$60.24).   *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 provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an inte…

Related Courses

Related Articles

Momentus Hospitality launches in Asia with first flagship hotel
WTTC announces next stage of its groundbreaking Hotel Sustainability Basics initiative

You might also like:

Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Most popular:

Popular this week: