Paolino Public Affairs Consulting, Inc. Legislative Report - 03/10/23

This week was relatively quiet in the legislature, with public hearings continuing. Committees are starting to vote bills out of committee to their respective chambers. There is still not a scheduled session date for either the House or Senate, but it is likely they will convene the week of March 20th. Today there is a hearing to repeal Connecticut's highway use tax, which went into effect earlier this year. At a press conference Wednesday, there were several businesses from across the state that voiced their opposition to the bill. Additionally, the controversial aid in dying bill is up today in Public Health to be potentially voted out of committee. Budget discussions are still underway, and it is likely we will not see it until June. As always, let us know if you have any questions!

STR: U.S. hotel results for week ending 4 March

U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.

26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 62.8% (+3.0%, -5.6%)
• Average daily rate (ADR): US$151.35 (+8.9%, +14.1%)
• Revenue per available room (RevPAR): US$95.06 (+12.1%, +7.7%)

Among the Top 25 Markets, Detroit saw the highest occupancy increase over 2019 (+5.0% to 63.2%), while Washington, D.C. was up the most from last year (+23.6% to 64.1%).