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U.S. hotel results for week ending 25 February

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 25 February. US hotel demand19-25 February 2023 (percentage change from comparable week in 2019*):

  • Occupancy: 64.2% (-1.5%)
  • Average daily rate (ADR): US$156.51 (+22.2%)
  • Revenue per available room (RevPAR): US$100.43 (+20.3%)

The U.S. weekly occupancy level was the highest since the week ending 12 November 2022. Among the Top 25 MarketsOrlando saw the highest occupancy increase over 2019 (+6.2% to 86.9%). Las Vegas reported the highest ADR (+49.5% to US$186.96) and RevPAR (+51.8% to US$148.61) increases over 2019. The steepest RevPAR declines from 2019 were seen in San Francisco (-43.5% to US$105.65) and Minneapolis (-22.2% to US$52.42).   *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: February, hotel performance, STR, US Hotel

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