This week in Hospitality & Tourism #24 2023

CEOs strike a positive tone at NYU

CEOs said they were encouraged by the current and future state of the industry at the 45th annual NYU International Hospitality Industry Investment Conference, held at the New York Marriott Marquis.

STR: U.S. hotel results for week ending 10 June

U.S. hotel performance jumped from the previous week, while year-over-year comparisons were mixed, according to STR‘s latest data through 10 June.

• Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (+13.0% to 84.8%).
• Washington, D.C., posted the only double-digit gain in ADR (+12.0% to US$201.34) and the largest RevPAR increase (+18.7% to US$160.05).
• The steepest RevPAR declines were seen in San Francisco (-37.2% to US$161.99) and Las Vegas (-24.8% to US$120.23).

4-10 June 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 69.4% (-1.6%, -5.7%)
• Average daily rate (ADR): US$157.69 (+0.5%, +16.7%)
• Revenue per available room (RevPAR): US$109.38 (-1.2%, +10.0%)