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https://www.hospitalitynet.org/picture/d_153000991.jpg?t=20230704161631U.S. hotel performance fell from the previous week, but year-over-year comparisons improved, according to STR‘s latest data through 1 July.
25 June through 1 July 2023 (percentage change from comparable week in 2022):
- Occupancy: 69.9% (+4.1%)
- Average daily rate (ADR): US$156.27 (+1.5%)
- Revenue per available room (RevPAR): US$109.18 (+5.7%)
Among the Top 25 Markets, St. Louis saw the highest year-over-year increases in occupancy (+22.2% to 71.6%) and RevPAR (+39.3% to US$96.46).
Philadelphia posted the largest ADR lift (+16.4% to US$170.53).
The steepest RevPAR declines were seen in New Orleans (-25.1% to US$119.12) and Miami (-10.2% to US$112.20).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
