Hospitality Data Minute: July 23-29

By David Berman | August 3, 2023

United States hotel performance declined week-to-week but showed improvements compared to last 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 72.2%, down 0.7% compared to last week and up 0.6% from the same week in 2022. Average daily rate grew 2.3% year-over-year to $161.83, and Revenue Per Available Room rose 2.9% to $116.91.  Compared to last week, ADR increased slightly by 0.1% and RevPAR decreased slightly by 0.8%.

Among the Top 25 Markets, St. Louis saw the highest year-over-year occupancy (up 17.4% to 73.6%) and RevPAR (up 43.6% to $105.50) increases. Nashvilleposted the largest ADR gain, up 22.4% to $210.31.

The steepest RevPAR declines were seen in Miami (down 14.6% to $121.58) and San Francisco (down 10.5% to $149.88).