HENDERSONVILLE, Tennessee– U.S. hotel efficiency stayed mainly flat from the previous week, and year-over-year contrasts stayed combined, according to STR's most current information through June 24, 2023.
U.S. Hotel Performance
June 18-24, 2023
Portion modification from equivalent week in 2022:
Tenancy: 71.4 percent (down 1.0 percent)
ADR: $159.00 (up 0.9 percent)
RevPAR: $113.58 (down 0.1 percent)
Amongst the Top 25 Markets, Minneapolis saw the greatest year-over-year boosts in each of the 3 crucial efficiency metrics: tenancy (up 9.1 percent to 74.5 percent), ADR (up 20.2 percent to $158.08), and RevPAR (up 31.1 percent to $117.80). The significant boosts were driven by Taylor Swift's Eras Tour.
The steepest RevPAR decreases were seen in New Orleans (down 14.6 percent to $87.85) and Miami (down 11.9 percent to $122.22).