HENDERSONVILLE, Tenn. — Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR.
In comparison to 2019, occupancy was 52.8 per cent (down 3 per cent), Average Daily Rate (ADR) was US$142.14 (up 13.8 per cent), and Revenue Per Available Room (RevPAR) was US$75.01 (up 10.4 per cent).
Among the top 25 markets, Oahu Island experienced the highest occupancy level (74.4 per cent), which was down 9.9 per cent from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Chicago (42.7 per cent) and Minneapolis (43.3 per cent). San Francisco reported the steepest decline in occupancy (down 25.4 per cent) when compared with 2019.
Reflecting continued improvement in business travel and groups, the top 25 markets showed higher occupancy and ADR than all other markets.
