TMD Lodging Metrics - Q2 2023

Occupancy: TMD hotels recorded an average occupancy rate of 74.5%, up 4.1% from the same time period last year (71.6%).   

ADR: TMD hotels saw an Average Daily Rate of $206.88, up 3.4% from the same time period last year ($200.05).   

RevPar: TMD hotels saw RevPAR reach $154.15, up 7.6% from the same time period last year ($143.24).   

Room nights sold (demand) increased 4.4% to 4.536 million compared to the same time period last year (4.344 million).   

Source: STR