Hospitality Data Minute: July 30-August 5

By David Berman | August 10, 2023

United States hotel performance last week declined both week-to-week and year-to-year, according to STR, a data solutions and insights group.

STR reported the data from CoStar, a “leading provider of online real estate marketplaces, information and analytics in the property markets.”

STR listed U.S. hotel occupancy as 68.9%, down 3.3% compared to last week and down 1.0% from the same week in 2022. However, average daily rate grew 2.2% year-over-year to $158.10, and Revenue Per Available Room rose 1.2% to $108.97.  Compared to last week, ADR decreased by 2.30% and RevPAR decreased by 6.79%.

Among the Top 25 Markets, Boston saw the highest year-over-year occupancy (up 12.4% to 84.3%) and RevPAR (up 25.4% to $201.02) increases. New York Cityposted the largest ADR gain, up 11.6% to $268.31.

The steepest RevPAR decline was seen in St. Louis (down 18.3% to $83.64).