The occupancy rate was down 6.3% from the same week in 2019.

To Estimated risk per 30.03.2023 14:29:00

Based on the latest STR data as of March 25, reflecting the normal ebb and flow of the spring break season, US hotel performance has declined from the previous week.

March 19-25, 2023 (percentage change compared to the same weeks in 2022, 2019):

Occupancy: 64.9% (-0.6%, -6.3%)
• Average daily rate (ADR): $158.61 (+4.7%, +19.5%)
• Affordable Room Revenue (RevPAR): $102.98 (+4.1%, +12.0%)
added accent

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 (lowered due to the COVID surge), so STR will only be compared to 2022 after the first quarter.

Hotel occupancyClick 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 move sideways through the summer.