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
    • MEET Up!
    • Upcoming Events
    ➤ Find Suppliers
    0 Shopping Cart
    MEET Magazines
    Home»Industry Updates»U.S. Hotel Results for Week Ending March 4
    Industry Updates

    U.S. Hotel Results for Week Ending March 4

    MEET MagazinesBy MEET MagazinesMarch 10, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    sponsor str
    Share
    Facebook Twitter LinkedIn Pinterest Email

    U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.

    26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019):

    • Occupancy: 62.8% (+3.0%, -5.6%)
    • Average daily rate (ADR): US$151.35 (+8.9%, +14.1%)
    • Revenue per available room (RevPAR): US$95.06 (+12.1%, +7.7%)

    Among the Top 25 Markets, Detroit saw the highest occupancy increase over 2019 (+5.0% to 63.2%), while Washington, D.C. was up the most from last year (+23.6% to 64.1%).

    D.C. also showed the most substantial RevPAR growth year over year (+52.2% to US$113.56).

    In terms of ADR, Las Vegas (US$196.65) reported the highest ADR increase when measuring against 2019 (+56.8%) and 2022 (+33.7%). Las Vegas also saw the largest jump in RevPAR over 2019 (+54.3% to US$153.55).

    The steepest RevPAR declines from 2019 were seen in San Francisco (-51.4% to US$117.39) and New Orleans (-19.4% to US$122.95).  Year over year, Miami (-4.2% to US$225.72) was the only Top 25 Market to report a RevPAR decrease.

    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 ArticlePerseverance For Preservation
    Next Article KUDO Unveils World’s First Fully Integrated Artificial Intelligence Speech Translator
    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

    Current Cyberattacks in the Hospitality Industry

    September 15, 2023

    Lake of the Ozarks 2023 BikeFest to Attract Thousands of Motorcycle Enthusiasts

    September 14, 2023

    Four Seasons Hotel St. Louis Announces the Appointment of Executive Banquet Chef Ahmed Mohamed

    September 8, 2023

    Comments are closed.

    For 20+ years, the MEET magazine have provided regional and national resources that have 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
    • Chef Kimber Dean Reveals New Catering Menu and Prepared Meals
    • Current Cyberattacks in the Hospitality Industry
    • Lake of the Ozarks 2023 BikeFest to Attract Thousands of Motorcycle Enthusiasts
    • Protect Your Cybersecurity with the Latest Must-Read Guide
    • Four Seasons Hotel St. Louis Announces the Appointment of Executive Banquet Chef Ahmed Mohamed
    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 Magazines. All rights reserved. Website managed and developed by PC40

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