As expected with the Memorial Day holiday, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through June 3.
May 28 to June 3, 2023 (percentage change from comparable week in 2022):
- Occupancy: 61.6% (-2.3%)
- Average daily rate (ADR): $150.28 (+1.3%)
- Revenue per available room (RevPAR): $92.55 (-1.0%)
Among the top 25 markets, Las Vegas saw the highest year-over-year occupancy lift (+9.5% to 73.5%).
Washington, D.C., posted the only double-digit gain in ADR (+10.7% to $174.53).
Boston reported the largest RevPAR increase (+18.6% to $176.93) over 2022.
The steepest RevPAR declines were seen in San Francisco (-15.6% to $108.49) and Orlando (-12.8% to $109.48).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
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