HENDERSONVILLE, Tennessee – U.S. resort efficiency elevated from the earlier week and confirmed improved comparisons yr over yr, in line with STR‘s newest knowledge by way of 20 Might.
14-20 Might 2023 (proportion change from comparable week in 2022):
- Occupancy: 67.5% (-1.5%)
- Common every day price (ADR): US$158.53 (+3.6%)
- Income per accessible room (RevPAR): US$106.98 (+2.1%)
The U.S. occupancy stage was the second highest for any week this yr.
Among the many Prime 25 Markets, Washington, D.C., noticed the best year-over-year will increase in every of the three key efficiency metrics: occupancy (+9.3% to 83.2%), ADR (+16.2% to US$220.58) and RevPAR (+27.0% to US$183.60). The weekly occupancy stage was the best out there for the reason that begin of the pandemic.
Of be aware, New York Metropolis noticed the best occupancy stage (89.5%), helped by NYU’s graduation at Yankee Stadium.
The steepest RevPAR declines had been seen in Miami (-17.6% to US$149.00) and San Francisco (-12.2% to US$161.59).
Further Efficiency Information
STR’s world-leading resort efficiency pattern includes 77,000 properties and 10 million rooms across the globe. Members of the media ought to seek advice from the contacts listed beneath for extra knowledge requests.
About STR
STR gives premium knowledge benchmarking, analytics and market insights for world hospitality sectors. Based in 1985, STR maintains a presence in 15 nations with a North American headquarters in Hendersonville, Tennessee, a world 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.
Haley Luther
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