Occupancy rate down 1.5% compared to the same week in 2019

To Estimated risk per 03/02/2023 11:57:00

According to the latest STR data for February, US hotel performance increased from the previous week. 25

Feb. 19-25, 2023 (percentage change from comparable week in 2019*):

• Occupancy: 64.2% (-1.5%)
• Average daily rate (ADR): $156.51 (+22.2%).
• Revenue per available number (RevPAR): $100.43 (+20.3%).

*Due to the impact of the pandemic, STR measures recovery from comparable time periods since 2019. Comparison by year will become standard again after the first quarter.
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The following graph shows the seasonal dynamics of hotel occupancy using an average of four weeks.

NOTE. Last year, occupancy rates were close to normal after the first quarter (dropped due to the COVID surge), so STR will be compared to 2022 after the first quarter.

Click on the graph to enlarge the image.

The red line is 2023, the black line is 2020, the blue line is the median, the light blue dotted line is 2022. The purple dotted line is 2019 (STR compares to a successful year for hotels).

The 4-week average occupancy is close to the previous 20-year average (blue).

Note. The y-axis does not start at zero to better show seasonal changes.

The 4-week average occupancy will increase seasonally for a few more weeks.