Hospitality Data Minute: October 8-14

By David Berman | October 19, 2023

United States hotel performance showed positive results this week compared to last week but were mixed when 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 68.5%, up 0.8% compared to last week but down 2.3% compared to the same week in 2022. Average daily rate grew 3.2% year-over-year to $164.25, and Revenue Per Available Room increased by 0.8% to $112.51.  Compared to last week, ADR increased 0.65% and RevPAR increased 1.65%.

Among the Top 25 Markets, Oahu Island had the largest year-over-year increases in occupancy and RevPAR, with the former rising by 17.8% to 85.2% and the latter rising by 29.7% to $243.22. Las Vegas had the highest jump in ADR (up 14.7% to $226.94).

New Orleans had the steepest RevPAR decline, down 28.3% to $107. 38.