STR: U.S. hotel performance for March 2023

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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