According to the most recent STR statistics through 14 January, hotel performance in the United States improved over the previous week but exhibited mixed results when compared to 2019.
8-14 January 2023 (change in % from the same week in 2019*):
Occupancy: 54.8% (-5.5%)
ADR (average daily rate): US$144.81 (+15.7%)
RevPAR (revenue per available room): US$79.38 (+9.3%).
While none of the Top 25 Markets had a gain in occupancy in 2019, Dallas came the closest (-2.1% to 69.0%).
The 41st Annual J.P. Morgan Healthcare Conference helped San Francisco achieve the greatest ADR (+141.1% to US$574.24) and RevPAR (+91.9% to US$373.97) increases in 2019.
Detroit (-32.6% to US$55.32) and Seattle (-21.8% to US$78.26) had the highest RevPAR drops from 2019.
More Stories
Virgin Voyages Reports Surge in Winter Sun Seekers
Riyadh Hotels Break Record in October 2023
Hilton Surpasses Q3 Revenue Estimates, Raises Annual Forecast on Strong Hospitality Recovery