U.S. hotel performance for April 2023 produced mix year-over-year comparisons, according to STR.
April 2023 (percentage change from April 2022):
- Occupancy: 64.4% (-1.4%)
- Average daily rate (ADR): US$155.77 (+3.4%)
- Revenue per available room (RevPAR): US$100.39 (+1.9%)
Among the Top 25 Markets, New York recorded the highest occupancy level (82.6%), which was up 5.3% from the market’s 2022 benchmark. The largest year-over-year gains in the metric were seen in Minneapolis (+8.2% to 56.2%), Chicago (+7.0% to 63.4%), Houston (+7.0% to 63.4%) and Washington, D.C. (+6.3% to 73.7%).