STR: March U.S. Resort Charges, Occupancy Rise

STR: March U.S. Resort Charges, Occupancy Rise

STR: March U.S. Resort Charges, Occupancy Rise

Common U.S. lodge income per out there room and day by day charges in March 2023 once more dominated pre-pandemic benchmarks, whereas occupancy remained under 2019 ranges however elevated month over month, based on hospitality analytics agency STR. 

For the fifth consecutive month, STR reported “continued enchancment in enterprise journey and teams” amongst its high 25 markets in March, reporting increased occupancy and ADR than different markets.

ADR in March was $158.17, up 19.1 p.c over March 2019 and up from $152.01 in February 2023. March U.S. lodge RevPAR elevated 14.4 p.c over 2019 ranges to $103.35, in contrast with $91.22 in February. 

March U.S. lodge occupancy was 65.3 p.c, up from 60 p.c in February, however nonetheless down 4 p.c from 2019 ranges. 

Amongst STR’s high 25 markets, Tampa had the best occupancy stage in March at 84 p.c, up barely from the month prior at 82.7 p.c however nonetheless down 3.8 p.c from 2019 ranges. U.S. cities on STR’s checklist with the bottom occupancy ranges in March included Minneapolis at 53.3 p.c and Philadelphia and Detroit, every at 58.6 p.c. 

San Francisco once more noticed the steepest decline amongst STR’s high 25 cities, with occupancy down 17.1 p.c from March 2019.

RELATED: STR February U.S. lodge information