Hospitality Data Minute: September 3-9

By David Berman | September 14, 2023

Last week, United States hotel performance had mixed results 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 60.3%, down 2.4% compared to last week and down 1.9% compared to the same week in 2022. Average daily rate grew 1.8% year-over-year to $150.66, but Revenue Per Available Room stayed at the same level, decreasingly slightly by 0.1% to $90.86.  Compared to last week, ADR increased 0.09% and RevPAR decreased 3.73%.

Among the Top 25 Markets, Denver had the largest year-over-year increase in all three key performance metrics:

• Occupancy, up 8.0% to 76.3%
• ADR, up 12.5% to $163.16
• RevPAR (up 21.4% to $124.56

St. Louis had the steepest RevPAR decline, down 19.8% to $60.02.