U.S. hotel performance for April produced mix year-over-year comparisons, according to the latest monthly report from STR.
For the month (percentage change from April 2022):
- Occupancy: 64.4 percent (-1.4 percent)
- Average daily rate: $155.77 (+3.4 percent)
- Revenue per available room: $100.39 (+1.9 percent)
In comparison, for March (percentage change from April 2022):
- Occupancy: 65.3 percent (-4 percent)
- ADR: $158.17 (+19.1 percent)
- RevPAR: $103.35 (+14.4 percent)
Top Markets
Among STR’s top 25 markets, New York recorded the highest occupancy level (82.6 percent), which was up 5.3 percent from the market’s 2022 benchmark. The largest year-over-year gains in the metric were seen in Minneapolis (+8.2 percent to 56.2 percent), Chicago (+7 percent to 63.4 percent), Houston (+7 percent to 63.4 percent) and Washington, D.C. (+6.3 percent to 73.7 percent).
Washington, D.C. posted the highest jump in ADR (+14.2 percent to $201.04).
Chicago ranked second in ADR growth (+13.8 percent to $155.66) and first in RevPAR growth (+21.7 percent to $98.66).
Markets with the lowest occupancy for the month included Detroit and Minneapolis, both seeing occupancy levels at 56.2 percent.
New Orleans (-9.5 percent to 66.6 percent) reported the steepest occupancy decline year over year as well as the largest drop in RevPAR (-21.1 percent to $125.90). New Orleans was also one of two markets with a 12.7 percent decrease in ADR (to $188.91). Miami (to $246.12) was the other.