Hospitality Data Minute: August 20-26

By David Berman | August 31, 2023

United States hotel performance declined again last week but showed positive results 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 65.0%, down 2.0% compared to last week but up 0.4% compared to the same week in 2022. Average daily rate grew 1.7% year-over-year to $150.23, and Revenue Per Available Room rose 2.1% to $97.62.  Compared to last week, ADR decreased 2.51% and RevPAR decreased 5.42%.

Among the Top 25 Markets, Las Vegas had the largest year-over-year increase in occupancy, up 7.9% to 76.3%.

Houston had the largest ADR (up 10.5% to $112.08) and RevPAR (up 17.8% to $64.45) increases.

Miami had the steepest RevPAR decline, down 11.0% to $102.75.

STR also continued to note the impact of the wildfires in Hawaii that have decimated the local community and impacted tourism. From last week, occupancy rose 4.6% and RevPAR saw a 8.71% gain. Year-over-year, occupancy and RevPAR are still significantly down. Occupancy decreased 17.1% to 53.6% and RevPAR decreased 26.7% to $271.21.