STR: U.S.RevPAR 10.4% above 2019 in Jan.

Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January data from STR.

January 2023 (percentage change from January 2019):

Occupancy: 52.8% (-3.0%)
ADR: $142.14 (+13.8%)
RevPAR:$75.01 (+10.4%)

Among the top 25 markets, Oahu Island experienced the highest occupancy level (74.4%), which was down 9.9% from the market’s 2019 benchmark.

Markets with the lowest occupancy for the month included Chicago (42.7%) and Minneapolis (43.3%). San Francisco reported the steepest decline in occupancy when compared with 2019 (-25.4%).

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