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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: ending, February, hotel results, STR, U.S. hotel

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