U.S. hotel efficiency revealed combined arise from the previous week however stayed up year over year, according to STR‘s newest information through 29 April.
23-29 April 2023 (portion modification from similar week in 2022):
- Occupancy: 66.6% ( 0.1%)
- Average day-to-day rate (ADR): US$15614( 5.5%)
- Revenue per readily available space (RevPAR): US$10401( 5.6%)
Among the Top 25 Markets, Boston saw the greatest year-over-year tenancy boost ( 153% to 75.6%).
Of note, New York City(878%), Las Vegas (815%), and San Francisco(811%) were the only 3 markets to report tenancy above 80%.
Helped by the RSA Conference, San Francisco likewise reported the biggest boosts in ADR ( 389% to US$30325) and RevPAR ( 470% to US$24599).
The steepest RevPAR decreases were seen in Miami(-163% to US$16508) and Las Vegas (-127% to US$13028).
About STR
STR offers premium information benchmarking, analytics and market insights for worldwide hospitality sectors. Established in 1985, STR preserves an existence in 15 nations with a North American head office in Hendersonville, Tennessee, a worldwide head office in London, and an Asia Pacific head office in Singapore. STR was obtained in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading service provider of online property markets, details and analytics in the industrial and house markets. For additional information, please see str.com and costargroup.com
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