STR: February U.S. hotel rates and occupancy climb

Average U.S. hotel revenue per available room and daily rates in February 2023 again topped pre-pandemic benchmarks

Mar 22, 2023

For the fourth consecutive month, STR reported “continued improvement in business travel and groups” among its top 25 markets in February, citing higher ADR and occupancy than other markets.

Key takeaways

  • In February, overall U.S. hotel RevPAR was $91.22—a significant month-over-month increase from $75.01 in January—and up 14.3 percent over 2019 levels. ADR in February was $152.01, up from $142.14 the month prior and up 17.7 percent from 2019;
  • February U.S. hotel occupancy was 60 percent, an increase from 52.8 percent the month prior and down 2.8 percent from 2019 levels.

Get the full story at STR

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