Hospitality Data Minute: September 24-30

By David Berman | October 5, 2023

United States hotel performance was down compared to last week but had 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 66.7%, down 1.8% compared to last week but up 0.8% compared to the same week in 2022. Average daily rate grew 4.6% year-over-year to $157.89, and Revenue Per Available Room increased by 5.4% to $105.31.  Compared to last week, ADR decreased 4.29% and RevPAR decreased 6.77%.

Among the Top 25 Markets, San Francisco/San Mateo had the largest year-over-year occupancy and RevPAR increases, up 10.9% to 83.2% and 22.6% to $215.61, respectively. For the second consecutive week, New York City posted the highest ADR jump, up 13.7% to $342.45.

Atlanta had the steepest RevPAR (down 7.7% to $79.56) and occupancy (down 6.4% to 64.6%) declines.