HENDERSONVILLE, Tennessee—Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons, according to STR’s latest data through July 8, 2023.
U.S. Hotel Performance
July 2-8, 2023
Percentage change from comparable week in 2022:
Occupancy: 61.8% (down 2.3 percent)
ADR: $155.81 (up 1.2 percent)
RevPAR: $96.36 (down 1.2 percent)
Among the Top 25 Markets, New York City saw the highest year-over-year occupancy increase (up 11.4 percent to 77.3 percent).
Denver posted the largest ADR gain (up 8.6 percent to $156.14).
The steepest RevPAR declines were seen in Atlanta (down 19.3 percent to $64.74) and Minneapolis (down 18.8 percent to $61.57).
