by Risk calculated on 03/16/2023 14:07:00
Helped by the onset of spring break, U.S. hotel performance rose from the previous week, according to STR’s latest data through March 11.
March 5-11, 2023 (percentage change from comparable weeks in 2022, 2019):
• Occupancy: 64.7% (+2.8%, -7.5%)
• Average daily rate (ADR): $158.20 (+8.1%, +16.6%)
• Revenue per available room (RevPAR): $102.38 (+11.1%, +7.8%)
The following chart shows the seasonal trend of hotel occupancy using the four-week average.
Click on the graphic to enlarge the image.
The red line corresponds to 2023, the black corresponds to 2020, the blue corresponds to the median and the light blue dotted line corresponds to 2022. The purple dotted line corresponds to 2019 (STR compares to a strong year for hotels).
Note: Y axis does not start at zero to better show seasonal change.
The 4 week average occupancy will rise seasonally for a few more weeks and then move more sideways into summer.