performance data
U.S. Hotel Results for Week Ending 29 July
CoStar Group | August 3, 2023
WASHINGTON – 3 August 2023 – 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 (+...
Berlin Hotel Performance Reaches 8-Month High in June
STR | July 17, 2023
LONDON— Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR. June 2023 (year-over-year % change): Occupancy: 83.1% (+1.5%) Average daily rate (ADR): EUR140.83 (+13.6%) Revenue per available room (RevPAR): EUR117.04 (+15.3%) When looking at daily data, Berlin saw its highest occupancy level on Tuesday, 20 June (at 96.3%). The second-highest occupancy level was reported on Wednesday, 28 June (95.4%), the date of PINK’s concert. Overall, the market’s occupancy levels surpassed the 90% mark 10 times in June and saw all but four days above...
STR: U.S. Hotel Results for Week Ending 13 May
STR | May 18, 2023
HENDERSONVILLE, Tennessee—U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. 7-13 May 2023 (percentage change from comparable week in 2022): Occupancy: 65.1% (-2.0%) Average daily rate (ADR): US$154.90 (+3.4%) Revenue per available room (RevPAR): US$100.81 (+1.3%) Worsened comparisons than the week prior were expected and normal given seasonal slowing and the negative side of the Mother’s Day calendar shift. Among the Top 25 Markets, Philadelphia saw the only double-digit increase in occupancy (+13.3% to 73.2%) as well as the highest jumps i...
MDO Plans Night Auditor Appreciation Day for May 18
MDO | May 4, 2023
MDO invites hoteliers to participate in #NightAuditorAppreciationDay by sharing stories, photos and messages of appreciation for night auditors. BETHESDA, MD., May 4, 2023 – myDigitalOffice (MDO), the world's fastest-growing hotel performance management platform, is excited to announce the creation of Night Auditor Appreciation Day, to be celebrated annually on May 18. This day is dedicated to recognizing and honoring night auditors at hotels across the country for their tireless efforts and crucial role in holding hotel operations together. As unsung heroes, night auditors work behind the scenes, ensuring a smooth experience for guests ...
CoStar Group Launches the Next Generation of STR
CoStar Group | May 3, 2023
WASHINGTON -- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry. STR Benchmarking represents the next generation of STR, with the company’s hotel data benchmarking, analytics and marketplace insights integrated into CoStar’s industry-leading information, analytics, and data-driven news platform. Acquired by CoStar Group in 2019, STR is the leader in the hotel benchmarking space with a sample of 77,000 partici...
STR: U.S. Hotel Results for Week Ending 18 March
STR | March 23, 2023
HENDERSONVILLE, Tennessee—Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 March. 12-18 March 2023 (percentage change from comparable weeks in 2022, 2019): Occupancy: 67.6% (+1.3%, -2.5%) Average daily rate (ADR): US$167.04 (+8.9%, +23.9%) Revenue per available room (RevPAR): US$112.89 (+10.4%, +20.8%) Among the Top 25 Markets, Boston saw the highest year-over-year increase in occupancy (+17.8% to 71.8%), while Houston saw the highest occupancy lift over 2019 (+9.6% to 72.5%). Las Vegas showed the most substantial ADR (+77.9% to US$3...
STR: U.S. Hotel Results for Week Ending 4 February
STR | February 13, 2023
HENDERSONVILLE, Tennessee—U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February. 29 January through 4 February 2023 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) Average daily rate (ADR): US$145.35 (+13.9%) Revenue per available room (RevPAR): US$80.45 (+5.6%) While none of the Top 25 Markets saw an occupancy increase over 2019, Las Vegas came closest to its 2019 comparable (-1.4% to 78.2%). The market also reported the highest ADR (+79.5% to US$221.38) and RevPAR (+76.9% to US$173.20) increases over 2019, helped by Design & Cons...
STR: U.S. Hotel Results for Week Ending 26 November
STR | December 1, 2022
HENDERSONVILLE, Tennessee—Due to the Thanksgiving holiday, U.S. hotel performance came in lower than the previous week and showed mixed comparisons to 2019, according to STR‘s latest data through 26 November. 20-26 November 2022 (percentage change from comparable week in 2019*): Occupancy: 50.4% (-0.5%) Average daily rate (ADR): US$135.49 (+20.4%) Revenue per available room (RevPAR): US$68.27 (+19.9%) Among the Top 25 Markets, Minneapolis reported the largest occupancy increase over 2019 (+7.6% to 42.0%). Phoenix posted the highest ADR (+42.7% to US$151.24) and RevPAR (+44.8% to US$85.05) increases over 20...
