<ul>
<li>
<a href="https://www.hospitalitynet.org/opinion/4114887.html">Jobs Report Exceeds Expectations, Led by L&#x26;H Boost</a>
The first jobs report of 2023 overshot expectations. Overall, the economy added a staggering 517,000 jobs in January—far higher than the 187,000 increase that was expected—and the unemployment rate fell to 3.4%, its lowest since 1969.
Leisure and Hospitality (L&#x26;H) added 128,000 jobs in January, more than any other sector.
</li>
</ul>
<img src="/images/blogimages/2023-week-06-employment.svg" alt="U.S. Employment Data" width="800" height="500">
<ul>
<li>
<a href="https://str.com/press-release/str-us-hotel-results-week-ending-4-february">STR: U.S. hotel results for week ending 4 February</a>
U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February.
<ul>
<li>While none of the Top 25 Markets saw an occupancy increase over 2019, Las Vegas came closest to its 2019 comparable (-1.4% to 78.2%). The market also reported the highest ADR (+79.5% to US$221.38) and RevPAR (+76.9% to US$173.20) increases over 2019, helped by Design &#x26; Construction Week 2023 and the NFL Pro Bowl Games.</li>
<li>The steepest RevPAR declines from 2019 were seen in San Francisco (-33.6% to US$136.38) and Seattle (-29.4% to US$69.47).</li>
</ul>
29 Jan - 4 Feb 2023 (percentage change from comparable week in 2019):
<ul>
<li>Occupancy: 55.3% (-7.3%)</li>
<li>Average daily rate (ADR): US$145.35 (+13.9%)</li>
<li>Revenue per available room (RevPAR): US$80.45 (+5.6%)</li>
</ul>
</li>
</ul>
<img src="/images/blogimages/2023-week-06-occupancy.svg" alt="STR Occupancy Data" width="2117" height="1059">

This week in Hospitality & Tourism #6 2023