U.S. hotel RevPAR gains running out of steam

While still growing year over year in single-digit percentages, RevPAR is "just ahead" of last year, indicating signs of slowing or stabilizing

Jul 19, 2023

U.S. hotel revenue per available room in 2023 through June 24 is up year over year and "well above" pre-pandemic levels, but those gains are decelerating thanks to slowing shoulder nights on Sundays and Thursdays, according to STR.

Key takeaways

  • According to STR, while shoulder nights are behind 2022 numbers, they are the most recovered compared with 2019 levels. Monday is the least recovered day of the week compared with 2019;
  • Average daily rate is still "well ahead" of both 2019 and 2022 levels and continues to grow, but also is showing signs of softening;
  • Occupancy remains flat against 2022 levels.

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