Facebook Instagram LinkedIn
    • About Us
      • About MEET Magazines
    List My Business        Advertise
    MEET Magazines
    • Home
    • Subscribe
    • Magazines
      • MEET Missouri
      • MEET Kansas
      • MEET Med
    • Articles By Topic
    • Digital Flipbooks
    • Upcoming Events
    ➤ Find Suppliers
    0 Shopping Cart
    MEET Magazines
    Home»Industry Updates»U.S. Hotel Results for Week Ending 18 March
    Industry Updates

    U.S. Hotel Results for Week Ending 18 March

    MEET MagazinesBy MEET MagazinesMarch 23, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    sponsor str
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 March.

    12-18 March 2023 (percentage change from comparable weeks in 2022, 2019):

    • Occupancy: 67.6% (+1.3%, -2.5%)
    • Average daily rate (ADR): US$167.04 (+8.9%, +23.9%)
    • Revenue per available room (RevPAR): US$112.89 (+10.4%, +20.8%)

    Among the Top 25 Markets, Boston saw the highest year-over-year increase in occupancy (+17.8% to 71.8%), while Houston saw the highest occupancy lift over 2019 (+9.6% to 72.5%).

    Las Vegas showed the most substantial ADR (+77.9% to US$306.79) and RevPAR growth (+101.5% to US$277.09) year over year. The market also reported the highest increases in the metrics when measuring against 2019: ADR (+113.2% to US$306.79) and RevPAR (+116.9% to US$277.09).

    The steepest RevPAR declines from 2019 were seen in San Francisco (-39.7% to US$139.73) and Philadelphia (-12.9% to US$83.68).  Year over year, Miami reported the largest RevPAR decrease (-8.9% to US$252.69).

    About STR
    STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.

    MEET

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHistorically Awesome Meetings in Springfield, IL
    Next Article Editor’s Choice: Chef Kimber Dean
    MEET Magazines
    • Website

    The MEET Magazines include regional and national publications that keep corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant industry suppliers, news, tech innovations, and resources that impact and influence how and where they plan their upcoming company function(s).

    Related Posts

    STR Boosts its Predictions for U.S. Hotel Rates in 2023

    June 6, 2023

    82% of Surveyed Hotels Report Staffing Shortages

    June 6, 2023

    New EIC Study Shows Event Industry is Valued at $1.6 Trillion

    June 2, 2023

    Comments are closed.

    For 20+ years, The MEETⓇ Family of Publications has produced regional and national magazines that has kept corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant vendors, industry news, tech innovations, and resources that impact and influence how and where they plan their group business.

    Latest Industry Insights
    • STR Boosts its Predictions for U.S. Hotel Rates in 2023
    • 82% of Surveyed Hotels Report Staffing Shortages
    • New EIC Study Shows Event Industry is Valued at $1.6 Trillion
    • Embrace the Summer Vibes
    • Twist and Shout! Two Fundraisers for Two Historic Sappington Houses
    Quick Links
    • Home
    • Subscribe
    • Upcoming Events
    Our Magazines
    • MEET Missouri
    • MEET Kansas
    • MEET Med
    More Resources
    • Articles By Topic
    • Digital Flipbooks
    • Online Resource Directory
    © 2023 MEET® Family of Publications. All rights reserved. Website managed and developed by PC40

    Type above and press Enter to search. Press Esc to cancel.