U.S. hotel performance for August 2023
Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year
According to STR's August 2023 hotel performance data, August 2023 occupancy ended at 66%, ADR at US$ 153.60 and RevPar at US$ 101.35.
Key takeaways
- Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (84.4%), which was up 3.4% year over year.
- Markets with the lowest occupancy for the month included New Orleans (45.7%) and Houston (56.8%);
- The Top 25 Markets showed higher occupancy and ADR than all other markets.
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