HENDERSONVILLE, Tennessee — The U.S. hotel industry reported higher performance from the month prior, according to March 2023 data from STR.

March 2023 (percentage change from March 2019):

  • Occupancy: 65.3% (-4.0%)
  • Average daily rate (ADR): US$158.17 (+19.1%)
  • Revenue per available room (RevPAR): US$103.35 (+14.4%)

Among the Top 25 Markets, Tampa
experienced the highest occupancy level (84.0%), which was down 3.8% from the market’s 2019 benchmark.

Markets with the lowest occupancy for the month included Minneapolis (53.3%), Detroit (58.6%) and Philadelphia (58.6%). San Francisco reported the steepest decline in occupancy when compared with 2019 (-17.1%).

Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.

Additional Performance Data

STR’s world-leading hotel performance sample comprises 77,000 hotels and 10 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.