HENDERSONVILLE, Tennessee — U.S. lodge efficiency remained principally flat from the earlier week, and year-over-year comparisons remained combined, in line with STR‘s newest knowledge by way of 24 June.
18-24 June 2023 (proportion change from comparable week in 2022):
- Occupancy: 71.4% (-1.0%)
- Common each day price (ADR): US$159.00 (+0.9%)
- Income per out there room (RevPAR): US$113.58 (-0.1%)
Among the many Prime 25 Markets, Minneapolis
noticed the very best year-over-year will increase in every of the three key efficiency metrics: occupancy (+9.1% to 74.5%), ADR (+20.2% to US$158.08) and RevPAR (+31.1% to US$117.80). The substantial will increase have been pushed by Taylor Swift’s Eras Tour.
The steepest RevPAR declines have been seen in New Orleans (-14.6% to US$87.85) and Miami (-11.9% to US$122.22).
Extra Efficiency Knowledge
STR’s world-leading lodge efficiency pattern contains 77,000 properties and 10 million rooms across the globe. Members of the media ought to confer with the contacts listed under for extra knowledge requests.
About STR
STR supplies premium knowledge benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations with a North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a number one supplier of on-line actual property marketplaces, info and analytics within the industrial and residential property markets. For extra info, please go to str.com and costargroup.com.
