March 19-25 (percentage change from comparable weeks in 2022, 2019):
Occupancy: 64.9% (-0.6%, -6.3%)
ADR: $158.61 (+4.7%, +19.5%)
RevPAR: $102.98 (+4.1%, +12.0%)
Among the top 25 markets, Chicago saw the highest year-over-year increase in occupancy (+12.2% to 63.4%), while Phoenix saw the only occupancy lift over 2019 (+3.1% to 81.5%).
Washington, DC showed the most substantial ADR (+20.9% to $194.18) and RevPAR growth (+33.4% to $139.83) year over year. Las Vegas reported the highest increases in the metrics when measuring against 2019: ADR (+42.7% to $187.21) and RevPAR (+31.5% to $148.86).
The steepest RevPAR declines from 2019 were seen in Seattle (-11.8% to $101.31) and New Orleans (-11.4% to $124.47). New Orleans also reported the largest year-over-year RevPAR decrease (-12.4% to $124.47).
Tags: STR
