HENDERSONVILLE, Tennessee– The U.S. hotel market reported greater efficiency from the month prior, according to March 2023 information from STR
March 2023 (portion modification from March 2019):
- Occupancy: 65.3% (-4.0%)
- Average everyday rate (ADR): US$15817( 191%)
- Revenue per offered space (RevPAR): US$10335( 144%)
Among the Top 25 Markets, Tampa
experienced the greatest tenancy level (840%), which was down 3.8% from the marketplace’s 2019 standard.
Markets with the most affordable tenancy for the month consisted of Minneapolis(533%), Detroit(586%) and Philadelphia(586%). San Francisco reported the steepest decrease in tenancy when compared to 2019 (-171%).
Reflecting ongoing enhancement in organization travel and groups, the Top 25 Markets revealed greater tenancy and ADR than all other markets.
Additional Performance Data
STR’s world-leading hotel efficiency sample makes up 77,000 hotels and 10 million hotel spaces around the world. Please describe the contacts noted below for extra information demands.
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