HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from the month prior but lower year-over-year percentage changes, according to June 2023 data from STR.
June 2023 (percentage change from June 2022):
- Occupancy: 69.7% (-0.4%)
- Average daily rate (ADR): US$158.40 (+2.3%)
- Revenue per available room (RevPAR): US$110.33 (+1.9%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (85.4%), which was up 1.7% year over year, and was the only market to post ADR over US$300 (at US$305.51).
Markets with the lowest occupancy for the month included New Orleans (58.2%) and Phoenix (62.7%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
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