Feb. 26 through March 4 (percentage change from comparable weeks in 2022, 2019):
Occupancy: 62.8% (+3.0%, -5.6%)
ADR: $151.35 (+8.9%, +14.1%)
RevPAR: $95.06 (+12.1%, +7.7%)
Among the top 25 markets, Detroit saw the highest occupancy increase over 2019 (+5.0% to 63.2%), while Washington, DC, was up the most from last year (+23.6% to 64.1%).
DC also showed the most substantial RevPAR growth year-over-year (+52.2% to $113.56).
In terms of ADR, Las Vegas ($196.65) reported the highest ADR increase when measuring against 2019 (+56.8%) and 2022 (+33.7%). Las Vegas also saw the largest jump in RevPAR over 2019 (+54.3% to $153.55).
The steepest RevPAR declines from 2019 were seen in San Francisco (-51.4% to $117.39) and New Orleans (-19.4% to $122.95). Year-over-year, Miami (-4.2% to $225.72) was the only top 25 market to report a RevPAR decrease.
Tags: STR
