Hospitality Data Minute: June 25 to July 1
By David Berman | July 7, 2023
In the week before the 4th of July holiday, hotel performance fell compared to the previous week but improved compared to the same week in 2022.
All data comes from STR, a data solutions and insights group. The countries included in STR’s data are the United States, China, Japan, United Kingdom, France, Indonesia, Germany, Mexico Canada, Italy, Spain, Ireland, Greece, Malta and Fiji.
STR listed U.S. hotel occupancy as up 4.1% compared to last year, coming in at 69.9% for the week. The average daily rate and RevPAR also increased, at $156.27 (1.5% increase) and $109.18 (5.7% increase), respectively.
The top 25 hotel markets in the country performed better than the industry overall, according to STR, as occupancy increased 3.5% year-over-year with only a slight week-to-week decrease of 0.6%. Among the Top 25 Markets, St. Louis saw the highest year-over-year increases in occupancy (up 22.2% to 71.6%) and RevPAR ( up 39.3% to $96.46).
Philadelphia posted the largest year-over-year ADR lift (up 16.4% to $170.53).
The steepest RevPAR declines were seen in New Orleans ( down 25.1% to $119.12) and Miami (down 10.2% to $112.20).
Global occupancy (excluding the U.S.), which has grown steadily in the calendar year, was at 70.7% in the week, up 6.2% year-over-year. ADR and RevPAR both rose year-over-year as well; 18% to $160 and 29.3% to $113, respectively.
