This week in Hospitality & Tourism #5 2023

CBRE U.S. Hotels State of the Union January 2023

The latest edition of CBRE U.S. Hotels State of the Union highlights key industry indicators and outlook for the U.S. Hotel industry.

Key Takeaways:

• RevPAR growth slowed in December, year-over-year. Most chain scale types experienced slower growth in December but remained well above 2019 levels.
• TSA throughput hit post-pandemic highs versus 2019. TSA throughput exceeded 2019 levels in January. Year-over-year growth is likely to slow in March due to post-Omicron comparisons.
• Brand.com has taken share relative to OTAs vs. 2019 For the first time post-pandemic, Group share of demand reached 100% of 2019 levels.

Full Report

STR: U.S. hotel results for week ending 28 January

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January.

• Among the Top 25 Markets, Dallas reported the highest occupancy increase over 2019 (+10.3% to 69.8%).
• Tampa saw the largest increases in both ADR (+32.5% to US$179.72) and RevPAR (+37.0% to US$137.70).
• The steepest RevPAR declines from 2019 were seen in Atlanta (-34.5% to US$91.86) and San Francisco (-28.2% to US$115.29).

22-28 January 2023 (percentage change from comparable week in 2019):

• Occupancy: 56.3% (-0.3%)
• Average daily rate (ADR): US$142.66 (+13.4%)
• Revenue per available room (RevPAR): US$80.32 (+13.0%)