STR Weekly Insights: 8-14 January 2023

STR | January 23, 2023

In the first business week of 2023, U.S. hotel occupancy rose to 54.8%, up 6.3 percentage points (ppts) year over year (YoY) and favorable to the comparable week in 2019. Over the first 14 days of 2023, occupancy (51%) was higher than the same 14 days in 2019 (50.3%). Weekday (Monday-Wednesday) occupancy was slightly better (55%) than the weekly total with the Top 25 Markets seeing 60.4% weekday occupancy. Several large markets reported strong weekday occupancy, led by San Francisco (80.9%), which posted its fifth highest level since the start of the pandemic thanks to the J.P. Morgan Healthcare Conference. A handful of Top 25 Marke...