U.S. lodge efficiency for April 2023 produced combine year-over-year comparisons, based on STR.
April 2023 (proportion change from April 2022):
- Occupancy: 64.4% (-1.4%)
- Common day by day fee (ADR): US$155.77 (+3.4%)
- Income per out there room (RevPAR): US$100.39 (+1.9%)
Among the many High 25 Markets, New York recorded the best occupancy stage (82.6%), which was up 5.3% from the market’s 2022 benchmark. The biggest year-over-year good points within the metric had been seen in Minneapolis (+8.2% to 56.2%), Chicago (+7.0% to 63.4%), Houston (+7.0% to 63.4%) and Washington, D.C. (+6.3% to 73.7%).
Washington, D.C. posted the best bounce in ADR (+14.2% to US$201.04).
Chicago ranked second in ADR progress (+13.8% to US$155.66) and first in RevPAR progress (+21.7% to US$98.66).
Markets with the bottom occupancy for the month included Detroit and Minneapolis, each seeing occupancy ranges at 56.2%.
New Orleans (-9.5% to 66.6%) reported the steepest occupancy decline yr over yr in addition to the biggest drop in RevPAR (-21.1% to US$125.90). New Orleans was additionally considered one of two markets with a 12.7% lower in ADR (to US$188.91), Miami (to US$246.12) was the opposite.
STR offers premium information benchmarking, analytics and market insights for international hospitality sectors. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a world headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of economic actual property info, analytics and on-line marketplaces. For extra info, please go to str.com and costargroup.com.