U.S. hotel results for week ending 22 April

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 22 April.

16-22 April 2023 (percentage change from comparable week in 2022):

• Occupancy: 67.2% (+2.3%)
• Average daily rate (ADR): US$155.76 (+4.2%)
• Revenue per available room (RevPAR): US$104.64 (+6.6%)

Helped by group demand, which was the third highest of the pandemic-era, the occupancy and RevPAR levels were the second highest of the year, behind the week ending 18 March. 

Among the Top 25 Markets, Chicago saw the highest year-over-year increases in each of the key performance metrics: occupancy (+23.9% to 72.2%), ADR (+29.6% to US$174.71) and RevPAR (+60.6% to US$126.13).

Of note, New York City (82.1%) and Las Vegas (80.8%) were the only two markets to report occupancy above 80%.  

The steepest RevPAR declines were seen in Miami (-20.7% to US$181.17) and Tampa (-8.9% to US$139.51).