Hospitality Data Minute: September 17-23

By David Berman | September 28, 2023

United States hotel performance increased compared to last week and had mostly 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 68.5%, up 0.8% compared to last week but down 1.6% compared to the same week in 2022. Average daily rate grew 2.9% year-over-year to $164.97, and Revenue Per Available Room increased slightly by 1.2% to $112.96.  Compared to last week, ADR increased 2.37% and RevPAR increased 3.57%.

Among the Top 25 Markets, Minneapolis had the largest year-over-year occupancy increase, up 7.4% to 71.3%.

STR credited the United Nations General Assembly as the main contributor to New York City posting the highest ADR and RevPAR jumps, up 16.5% and 17.6%, respectively.

San Francisco had the steepest RevPAR decline, down 38.6% to $175.81.