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U.S. hotel results for week ending 11 March

Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 March. 5-11 March 2023 (percentage change from comparable weeks in 2022, 2019):

  • Occupancy: 64.7% (+2.8%, -7.5%)
  • Average daily rate (ADR): US$158.20 (+8.1%, +16.6%)
  • Revenue per available room (RevPAR): US$102.38 (+11.1%, +7.8%)

Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increase in occupancy (+21.8% to 67.6%). None of the Top 25 Markets saw an occupancy lift over 2019. D.C. also showed the most substantial ADR (+23.4% to US$183.86) and RevPAR growth (+50.2% to US$124.33) year over year.In terms of ADR, Anaheim reported the highest ADR (+51.4% to US$245.62) and RevPAR (+42.2% to US$189.81) increases when measuring against 2019. The steepest RevPAR declines from 2019 were seen in San Francisco (-22.8% to US$144.02) and Minneapolis (-15.2% to US$61.44).  Year over year, San Diego (-16.1% to US$61.99) reported the largest RevPAR decrease.

Tags: hotel results, March, STR, US Hotel

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