This week in Hospitality & Tourism #25 2023

STR: U.S. hotel results for week ending 17 June

U.S. hotel performance jumped from the previous week, while year-over-year comparisons were mixed, according to STR‘s latest data through 10 June.

• Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (+13.0% to 84.8%).
• Washington, D.C., posted the only double-digit gain in ADR (+12.0% to US$201.34) and the largest RevPAR increase (+18.7% to US$160.05).
• The steepest RevPAR declines were seen in San Francisco (-37.2% to US$161.99) and Las Vegas (-24.8% to US$120.23).

11-17 June 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 70.80% (-1.1%, -5.8%)
• Average daily rate (ADR): US$159.82 (+2.6%, +18.0%)
• Revenue per available room (RevPAR): US$113.17 (+1.5%, +11.1%)