Hospitality Data Minute: July 16-22

By David Berman | July 28, 2023

United States hotel performance improved week-to-week and year-to-year, according to STR, a data solutions and insights group.

STR reported the data from CoStar, a “leading provider of online real estate marketplaces, information and analytics in the property markets.”

STR listed U.S. hotel occupancy as 72.9%, up 0.9% compared to last week and 0.5% from the same week in 2022. Average daily rate grew 1.5% year-over-year to $161.65, and Revenue Per Available Room rose 2.0% to $117.91.  Compared to last week, ADR and RevPAR increased 1.04% and 2.37%, respectively.

U.S. occupancy was at its highest level since before the pandemic, with the next highest coming in August 2019.

Among the Top 25 Markets, New York City saw the highest year-over-year occupancy (up 11.8% to 90.9%) and RevPAR (up 21.2% to $253.61) increases. Seattleposted the largest ADR gain, up 16.0% to $251.29. Like Denver last week, STR noted these gains for Seattle were helped by Taylor Swift’s Era Tour making a stop in the city. The steepest RevPAR declines were seen in Miami (down 12.8% to $130.76) and Orlando (down 10.3% to $133.69).