image credit: Unsplash

For January the U.S. Hotel Industry Reported RevPAR 10.4% Above 2019

February 20, 2023

Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR.

January 2023 (percentage change from January 2019):

  • Occupancy: 52.8% (-3.0%)
  • Average daily rate (ADR): US$142.14 (+13.8%)
  • Revenue per available room (RevPAR): US$75.01 (+10.4%)

Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (74.4%), which was down 9.9% from the market’s 2019 benchmark.

Read More on Hotel News Resource