STR: U.S. hotel performance for January 2023
Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR.
HENDERSONVILLE, Tennessee - Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR.
January 2023 (percentage change from January 2019):
- Occupancy: 52.8% (-3.0%)
- Average daily rate (ADR): US$142.14 (+13.8%)
- Revenue per available room (RevPAR): US$75.01 (+10.4%)
Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (74.4%), which was down 9.9% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Chicago (42.7%) and Minneapolis (43.3%). San Francisco reported the steepest decline in occupancy when compared with 2019 (-25.4%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
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