Resulting from constricted enterprise journey throughout the Fourth of July, U.S. lodge efficiency fell from the earlier week and confirmed weaker year-over-year comparisons, in line with STR‘s newest information by way of 8 July.
2-8 July 2023 (share change from comparable week in 2022):
- Occupancy: 61.8% (-2.3%)
- Common every day fee (ADR): US$155.81 (+1.2%)
- Income per out there room (RevPAR): US$96.36 (-1.2%)
Among the many High 25 Markets, New York Metropolis noticed the best year-over-year occupancy improve (+11.4% to 77.3%).
Denver posted the biggest ADR acquire (+8.6% to US$156.14).
The steepest RevPAR declines have been seen in Atlanta (-19.3% to US$64.74) and Minneapolis (-18.8% to US$61.57).
About STR
STR offers premium information benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 international locations with a North American headquarters in Hendersonville, Tennessee, a world 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, info and analytics within the industrial and residential property markets. For extra info, please go to str.com and costargroup.com.
