US Hotel Metrics Improve in Week Ended January 28
February 6, 2023 | S&P Global Market Intelligence
Performance indicators for the U.S. lodging market were up week over week during the week ended Jan. 28, according to STR, which tracks the hospitality industry.
Occupancy increased to 56.3% from 54.2% during the previous week but registered a 0.3% decline from the same period in 2019.
STR measures the hotel industry’s recovery against comparable periods from 2019 due to the impact of the COVID-19 pandemic.
The revenue generated per available room, or RevPAR, saw a 13.0% growth, reaching $80.32 during the week, compared to the levels in 2019, while the average daily rate, or ADR, rose 13.4% to $142.66.
Dallas booked the biggest occupancy increase among the top 25 markets over 2019, increasing by 10.3% to 69.8%.
Tampa, Fla., reported the highest ADR and RevPAR increases, gaining 32.5% to $179.72 and 37% to $137.70, respectively.
The biggest RevPAR declines from 2019 were recorded by Atlanta and San Francisco, slipping 34.5% to $91.86 and 28.2% to $115.29, respectively.
