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U.S. hotel results for week ending 4 March

U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March. US hotel demand recovery26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019):

  • Occupancy: 62.8% (+3.0%, -5.6%)
  • Average daily rate (ADR): US$151.35 (+8.9%, +14.1%)
  • Revenue per available room (RevPAR): US$95.06 (+12.1%, +7.7%)

Among the Top 25 Markets, Detroit saw the highest occupancy increase over 2019 (+5.0% to 63.2%), while Washington, D.C. was up the most from last year (+23.6% to 64.1%). D.C. also showed the most substantial RevPAR growth year over year (+52.2% to US$113.56).In terms of ADR, Las Vegas (US$196.65) reported the highest ADR increase when measuring against 2019 (+56.8%) and 2022 (+33.7%). Las Vegas also saw the largest jump in RevPAR over 2019 (+54.3% to US$153.55). The steepest RevPAR declines from 2019 were seen in San Francisco (-51.4% to US$117.39) and New Orleans (-19.4% to US$122.95).  Year over year, Miami (-4.2% to US$225.72) was the only Top 25 Market to report a RevPAR decrease.

Tags: March, performance, STR, US Hotel


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