Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘s
latest data through 25 March. 19-25 March 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 64.9% (-0.6%, -6.3%)
- Average daily rate (ADR): US$158.61 (+4.7%, +19.5%)
- Revenue per available room (RevPAR): US$102.98 (+4.1%, +12.0%)
Among the Top 25 Markets, Chicago saw the highest year-over-year increase in occupancy (+12.2% to 63.4%), while Phoenix saw the only occupancy lift over 2019 (+3.1% to 81.5%). Washington, D.C., showed the most substantial ADR (+20.9% to US$194.18) and RevPAR growth (+33.4% to US$139.83) year over year. Las Vegas reported the highest increases in the metrics when measuring against 2019: ADR (+42.7% to US$187.21) and RevPAR (+31.5% to US$148.86). The steepest RevPAR declines from 2019 were seen in Seattle (-11.8% to US$101.31) and New Orleans (-11.4% to US$124.47). New Orleans also reported the largest RevPAR decrease year over year (-12.4% to US$124.47).
