Hospitality Data Minute: August 13-19

By David Berman | August 24, 2023

United States hotel performance declined again last week and had mixed results 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 67.0%, down 1.3% compared to last week and down 0.1% compared to the same week in 2022. Average daily rate grew 1.8% year-over-year to $154.10, and Revenue Per Available Room also rose 1.8% to $103.22.  Compared to last week, ADR decreased 1.51% and RevPAR decreased 3.43%.

Among the Top 25 Markets, San Francisco had the largest year-over-year increase in occupancy, up 8.2% to 76.9%.

New York City had the largest ADR (up 10.7% to $256.33) and RevPAR (up 19.7% to $214.86) increases.

Orlando had the steepest RevPAR decline, down 8.0% to $89.94.

STR also noted the impact of the wildfires in Hawaii that have decimated the local community. Year-over-year, occupancy and RevPAR are, unsurprisingly, significantly down. Occupancy decreased 27.6% to 49.0% and RevPAR decreased 40.8% to $249.49.