Helped by the start of spring break travel, US hotel performance rose from the previous week, according to the latest STR data through March 11.
March 5-11, 2023 (percentage change from comparable weeks in 2022, 2019):
Occupancy: 64.7% (+2.8%, -7.5%)
Average Daily Room Rate (ADR): US$158.20 (+8.1%, +16.6%)
Revenue Per Available Room (RevPAR) : $102.38 (+11.1%, +7.8%)
Among the top 25 markets, Washington, DC, experienced the largest year-over-year increase in occupancy (+21.8% to 67.6%). None of the top 25 markets experienced an increase in occupancy during 2019.
DC also posted the most substantial ADR (+23.4% to $183.86) and RevPAR (+50.2% to $124.33) growth year-over-year.
In terms of ADR, Anaheim reported the highest increases in ADR (+51.4% to $245.62) and RevPAR (+42.2% to $189.81) compared to 2019.
The steepest declines in RevPAR since 2019 were seen in San Francisco (-22.8% to $144.02) and Minneapolis (-15.2% to $61.44). Year-over-year, San Diego (-16.1% to $61.99) posted the largest decline in RevPAR.
Additional Performance Data
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