Reflecting post-holiday seasonality and an unfavorable calendar shift, U.S. hotel performance fell from the previous week and showed weakened comparisons against 2019, according to STR‘s latest data through Jan. 7.
1-7 January 2023 (percentage change from comparable week in 2019*):
- Occupancy: 47.2% (-11.5%)
- Average daily rate (ADR): $142.82 (+11.2%)
- Revenue per available room (RevPAR): $67.40 (-1.5%)
The comparable week in 2019 (Jan. 6-12) was a full business week.
Orlando was the only top 25 market to report an occupancy increase over 2019 (+2.0% to 71.3%).
Of note, Las Vegas saw the highest occupancy level (73.5%). This was the first week with Las Vegas performance data included in STR’s reporting thanks to the rollout of new non-participant modeling in the U.S. Learn more here.
Oahu Island posted the highest ADR lift over 2019 (+42.6% to $332.05).
San Francisco (-81.8% to $72.25) saw the steepest RevPAR decline from 2019 due to the market hosting the College Football Playoff National Championship during the corresponding week in 2019.
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019. Year-over-year comparisons will once again become standard after Q1.
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 corporate 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), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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