Hospitality Data Minute: October 15-21

By David Berman | October 26, 2023

United States hotel performance increased in all three of the main metrics compared to last week and showed overall positive results compared to the same time 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 69.0%, up 0.5% compared to last week but down 0.8% compared to the same week in 2022. However, average daily rate grew 3.8% year-over-year to $165.32, and Revenue Per Available Room increased by 2.9% to $114.04.  Compared to last week, ADR increased slightly by 0.65%, the same increase from last week’s report, and RevPAR increased by 1.36%.

Among the Top 25 markets, Seattle had the largest year-over-year increase in occupancy, up 8.5% to 76.1%. For the second consecutive week, Las Vegas had the highest year-over-year jump in ADR (up 20.3% to $257.42), and this week also had the highest RevPAR lift (up 23.5% to $229.57).

Miami had the largest year-over-year decrease in RevPAR, down 12.3% to $133.01.