Global News

U.S. hotel results for week ending 8 July

Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showedHotel Industry Outlook weaker year-over-year comparisons, according to STR‘s latest data through 8 July. 2-8 July 2023 (percentage change from comparable week in 2022):

  • Occupancy: 61.8% (-2.3%)
  • Average daily rate (ADR): US$155.81 (+1.2%)
  • Revenue per available room (RevPAR): US$96.36 (-1.2%)

Among the Top 25 Markets, New York City saw the highest year-over-year occupancy increase (+11.4% to 77.3%). Denver posted the largest ADR gain (+8.6% to US$156.14). The steepest RevPAR declines were seen in Atlanta (-19.3% to US$64.74) and Minneapolis (-18.8% to US$61.57).

Tags: 8 July, hotel results, U.S. hotel

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