STR: Weekly U.S. Hotel Performance Increases With Onset of Spring Break Travel

HENDERSONVILLE, Tennessee– Helped by the start of spring break travel, U.S. hotel efficiency increased from the previous week, according to STR’s most current information through March 11, 2023.

U.S. hotel Performance

March 5-11, 2023

Percentage modification from equivalent weeks in 2022, 2019:
Occupancy: 64.7 percent (up 2.8 percent, down 7.5 percent)
ADR: $15820(up 8.1 percent, up 16.6 percent)
RevPAR: $10238(up 11.1 percent, up 7.8 percent)

Among the Top 25 Markets, Washington, D.C., saw the greatest year-over-year boost in tenancy (up 21.8 percent to 67.6 percent). None of the Top 25 Markets saw a tenancy lift over 2019.

Washington, D.C., likewise revealed the most significant ADR (up 23.4 percent to $18386) and RevPAR development (up 50.2 percent to $12433) year over year.

In regards to ADR, Anaheim reported the greatest ADR (up 51.4 percent to $24562) and RevPAR (up 42.2 percent to $18981) increases when determining versus 2019.

The steepest RevPAR decreases from 2019 were seen in San Francisco (down 22.8 percent to $14402) and Minneapolis (down 15.2 percent to $6144). Year over year, San Diego (down 16.1 percent to $6199) reported the most substantial RevPAR decline.