Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons, according to STR‘s latest data through 8 July.
2-8 July 2023 (percentage change from comparable week in 2022):
- Occupancy: 61.8% (-2.3%)
- Average daily rate (ADR): US$155.81 (+1.2%)
- Revenue per available room (RevPAR): US$96.36 (-1.2%)
Among the Top 25 Markets, New York City saw the highest year-over-year occupancy increase (+11.4% to 77.3%).
Denver posted the largest ADR gain (+8.6% to US$156.14).
The steepest RevPAR declines were seen in Atlanta (-19.3% to US$64.74) and Minneapolis (-18.8% to US$61.57).