HENDERSONVILLE, Tennessee — U.S. lodge efficiency remained largely flat from the earlier week, and year-over-year comparisons remained blended, in accordance with STR‘s newest information via 24 June.
18-24 June 2023 (share change from comparable week in 2022):
- Occupancy: 71.4% (-1.0%)
- Common each day price (ADR): US$159.00 (+0.9%)
- Income per out there room (RevPAR): US$113.58 (-0.1%)
Among the many High 25 Markets, Minneapolis
noticed the best year-over-year will increase in every of the three key efficiency metrics: occupancy (+9.1% to 74.5%), ADR (+20.2% to US$158.08) and RevPAR (+31.1% to US$117.80). The substantial will increase have been pushed by Taylor Swift’s Eras Tour.
The steepest RevPAR declines have been seen in New Orleans (-14.6% to US$87.85) and Miami (-11.9% to US$122.22).
Further Efficiency Knowledge
STR’s world-leading lodge efficiency pattern contains 77,000 properties and 10 million rooms across the globe. Members of the media ought to seek advice from the contacts listed under for extra information requests.
About STR
STR supplies premium information benchmarking, analytics and market insights for the worldwide hospitality business. Based in 1985, STR maintains a presence in 15 nations with a North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a number one supplier of on-line actual property marketplaces, info and analytics within the business and residential property markets. For extra info, please go to str.com and costargroup.com.
