For Daily Lodging Report Subscribers
U.S. Hotels See Best Rates and Occupancy Since 2019
In 2023, the U.S. hotel industry posted its best results since 2019, with New York City experiencing the highest levels in each of the three key performance metrics: Occupancy: (+8.8% to 81.6%), ADR (+8.5% to $301.22) and RevPAR (+18.1% to $245.77).