U.S. lodge efficiency confirmed blended outcomes from the earlier week however remained up yr over yr, in accordance with STR‘s newest knowledge by 29 April.
23-29 April 2023 (proportion change from comparable week in 2022):
- Occupancy: 66.6% (+0.1%)
- Common day by day charge (ADR): US$156.14 (+5.5%)
- Income per obtainable room (RevPAR): US$104.01 (+5.6%)
Among the many High 25 Markets, Boston noticed the best year-over-year occupancy enhance (+15.3% to 75.6%).
Of be aware, New York Metropolis (87.8%), Las Vegas (81.5%), and San Francisco (81.1%) have been the one three markets to report occupancy above 80%.
Helped by the RSA Convention, San Francisco additionally reported the most important will increase in ADR (+38.9% to US$303.25) and RevPAR (+47.0% to US$245.99).
The steepest RevPAR declines have been seen in Miami (-16.3% to US$165.08) and Las Vegas (-12.7% to US$130.28).
About STR
STR offers premium knowledge benchmarking, analytics and market insights for world hospitality sectors. Based in 1985, STR maintains a presence in 15 international locations with a North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a number one supplier of on-line actual property marketplaces, data and analytics within the industrial and residential property markets. For extra data, please go to str.com and costargroup.com.
