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U.S. hotel results for week ending 25 March

Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘sUS hotel results 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).

Tags: 25 March, hotel results, U.S. hotel, week ending


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