STR: U.S. hotel occupancy, rates down in April, RevPAR up

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.