Home HOTEL ANNOUNCEMENTS U.S. hotel results for week ending 29 July

U.S. hotel results for week ending 29 July

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U.S. hotel results for week ending 29 July


U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through 29 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

23-29 July 2023 (percentage change from comparable week in 2022):

  • Occupancy: 72.2% (+0.6%)
  • Average daily rate (ADR): US$161.83 (+2.3%)
  • Revenue per available room (RevPAR): US$116.91 (+2.9%)

Among the Top 25 Markets, St. Louis saw the largest year-over-year increases in occupancy (+17.4% to 73.6%) and RevPAR (+43.6% to US$105.50).

Nashville reported the largest gain in ADR (+22.4% to US$210.31).

The steepest RevPAR declines were seen in Miami (-14.6% to US$121.58) and San Francisco (-10.5% to US$149.88).

For more information about the company and its products and services, please visit www.costargroup.com.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.

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