US hotel performance increased from the previous week and showed improved comparisons year over year, according to STR’s latest data through July 15.

The results for the week of July 9-15 included (percentage change from comparable week in 2022):

Occupancy: 72% (up 0.1%)
Average daily rate (ADR): $159.98 (up 1.5%)
Revenue per available room (RevPAR): $115.18 (up 1.6%)

Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (up 7.7% to 79.4%).

Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (up 20.1% to $199.95) and RevPAR (up 25.9% to $177.40) gains.

The steepest RevPAR declines were seen in Chicago (down 8.9% to $126.62) and Miami (down 8.3% to $123.26).
For the month of June, the industry reported higher performance from the month prior but lower year-over-year percentage changes.

The percentage change from June 2022 was:

Occupancy: 69.7% (down 0.4%)
Average daily rate (ADR): $158.40 (up 2.3%)
Revenue per available room (RevPAR): $110.33 (up 1.9%)

Among the Top 25 Markets, New York City experienced the highest occupancy level (85.4%), which was up 1.7% year over year, and was the only market to post ADR over $300 (at $305.51).

Markets with the lowest occupancy for the month included New Orleans (58.2%) and Phoenix (62.7%).

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Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.

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