As anticipated forward of Memorial Day, U.S. resort efficiency decreased from the earlier week, in accordance with STR‘s newest information by way of 27 Might. Yr-over-year comparisons had been improved.
21-27 Might 2023 (proportion change from comparable week in 2022):
- Occupancy: 66.8% (+0.6%)
- Common day by day fee (ADR): US$156.63 (+2.2%)
- Income per accessible room (RevPAR): US$104.62 (+2.9%)
Among the many Prime 25 Markets, Washington, D.C., noticed the very best year-over-year occupancy elevate (+10.5% to 76.2%).
Of be aware, New York Metropolis registered the very best occupancy stage (85.7%), helped by Taylor Swift’s Eras Tour.
Detroit reported the most important will increase in ADR (+16.9% to US$137.08) and RevPAR (+29.0% to US$91.54) over 2022.
The steepest RevPAR declines had been seen in Miami (-10.0% to US$143.51) and Dallas (-7.0% to US$83.35).
STR offers premium information benchmarking, analytics and market insights for international hospitality sectors. Based in 1985, STR maintains a presence in 15 international locations with a company 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), the main supplier of economic actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.