This week in Hospitality & Tourism #27 2023

STR: U.S. hotel results for week ending 1 July

U.S. hotel performance fell from the previous week, but year-over-year comparisons improved, according to STR‘s latest data through 1 July.

• Among the Top 25 Markets, St. Louis saw the highest year-over-year increases in occupancy (+22.2% to 71.6%) and RevPAR (+39.3% to US$96.46).
• Philadelphia posted the largest ADR lift (+16.4% to US$170.53).
• The steepest RevPAR declines were seen in New Orleans (-25.1% to US$119.12) and Miami (-10.2% to US$112.20).

25 June - 1 July 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 69.90% (+4.1%, +7.2%)
• Average daily rate (ADR): US$156.27 (+1.5%, +21.6%)
• Revenue per available room (RevPAR): US$109.18 (+5.7%, +30.3%)