U.S. hotel performance for the week of July 9-15 increased from the previous week and showed improved comparisons year over year, according to the latest data from CoStar, parent company of STR.
For the week (percentage change from comparable week in 2022):
- Occupancy: 72 percent (+0.1 percent)
- Average daily rate: $159.98 (+1.5 percent)
- Revenue per available room: $115.18 (+1.6 percent)
Top Markets
Among STR’s top 25 markets, hotels in California's San Francisco/San Mateo market saw the highest year-over-year occupancy increase (+7.7 percent to 79.4 percent).
Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (+20.1 percent to $199.95) and RevPAR (+25.9 percent to $177.40) gains.
The steepest RevPAR declines were reported in Chicago (-8.9 percent to $126.62) and Miami (-8.3 percent to $123.26).