U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February.
29 January through 4 February 2023 (percentage change from comparable week in 2019*):
- Occupancy: 55.3% (-7.3%)
- Average daily rate (ADR): US$145.35 (+13.9%)
- Revenue per available room (RevPAR): US$80.45 (+5.6%)
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 & Construction Week 2023 and the NFL Pro Bowl Games.
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).
*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.