trending Market Intelligence /marketintelligence/en/news-insights/trending/iL3D7piiCBnIh9n9YLepPA2 content esgSubNav
In This List

STR: US hotel RevPAR increases 9.0% YOY


Infographic: The Big Picture 2024 – Energy Transition Outlook


Essential IR Insights Newsletter Fall - 2023


Masters of Risk | Episode 6: Masters of Risk-Jennifer Reynolds


Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy

STR: US hotel RevPAR increases 9.0% YOY

U.S. hotels recorded positive performance for the week endedSept. 24, according to STR data.

STR analysts noted, however, that the week's results wereheavily influenced by the Yom Kippur and Eid al-Adha calendar shift and asubsequent performance jump in group business.

Year over year, RevPAR ticked up 9.0% to $94.00, and ADRincreased 6.3% to end the week at $130.52. Occupancy ticked up 2.6% to 72.0%.

San Francisco/San Mateo, Calif., saw the largest uptick inADR of the top 25 U.S. markets, rising 23.3% to $297.78, while Washington,D.C.-Md.-Va., recorded the steepest RevPAR increase at 30.2% to $153.38.

Philadelphia, Pa.-N.J., boasted the largest increase inoccupancy, with the metric rising 12.4%, to 77.9%. The area's hotels also postedthe largest RevPAR decrease, an 11.4% decline to $107.73. The Philadelphiamarket also registered the largest drop in ADR, declining 21.2% to $138.33.

On the occupancy front, Houston reported the sharpestdecline, falling 7.6% to 63.7%.