image credit: Vecteezy

Weekly Hotel Performance Trends from STR: 12 – 18 February 2023

February 27, 2023

U.S. performance

On the back of a solid Presidents’ Day weekend, U.S. hotel occupancy reached a 13-week high (60.8%) with an increase of 1.9 percentage points (ppts) versus the comparable week last year. Average daily rate (ADR) improved 10% year over year (YoY) to US$156, the second-highest level in the metric since October (behind the week ending 31 December 2022). Revenue per available room (RevPAR) gained 13.5% YoY to US$95. Both ADR and RevPAR were well above 2019 for the same holiday week by roughly 18% with inflation-adjusted ADR (real) -1.7% below 2019’s level. Real RevPAR was further in arrears to 2019 (-6%).

Read More on Hotel News Resource