by Calculated Risk on 3/24/2023 03:01:00 PM
March 12-18, 2023 (percentage change from comparable weeks in 2022, 2019):
o Occupancy: 67.6% (+1.3%, -2.5%)
o Average daily rate (ADR): $167.04 (+8.9%, +23.9%)
o Revenue per available room (RevPAR): $112.89 (+10.4%, +20.8%)
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
Click on graph for larger image.
The red line is for 2023, black is 2020, blue is the median, and dashed light blue is for 2022. Dashed purple is 2019 (STR is comparing to a strong year for hotels).