US hotel performance growth slows in June

The U.S. hotel industry reported higher performance from the month prior but lower year-over-year percentage changes, according to June 2023 data from STR

Jul 21, 2023

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 at 58.2% and Phoenix at 62.7%.

Key takeaways

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

Get the full story at STR

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