WASHINGTON —The U.S. hotel industry reported mixed performance results month over month, according to July 2023 data from CoStar.
U.S. Hotel Performance
July 2023
(Percentage change from July 2022)
Occupancy: 69.1 percent (down 0.5 percent)
ADR: $160.31 (up 1.3 percent)
RevPAR: $110.80 (up 0.8 percent)
Among the Top 25 Markets, San Diego experienced the highest occupancy level (86.5 percent), which was up 2.6 percent year over year.
Markets with the lowest occupancy for the month included New Orleans (54.3 percent) and Phoenix (58.9 percent).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
