For the week of April 30 to May 6, U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR’s latest data.
For the week (percentage change from comparable week in 2022):
- Occupancy: 65.2 percent (+2.0 percent)
- Average daily rate: $157.62 (+6.4 percent)
- Revenue per available room: $102.74 (+8.4 percent)
In comparison, during the week of April 23-29:
- Occupancy: 66.6 percent (+0.1 percent)
- ADR: $156.14 (+5.5 percent)
- RevPAR: $104.01 (+5.6 percent)
Top Markets
Among STR’s top 25 markets, Chicago saw the highest year-over-year increases in occupancy (+14.7 percent to 67.7 percent) and RevPAR (+36.2 percent to $116.98).
Of note, New York City (85.1 percent) and Hawaii’s Oahu Island (80.2 percent) were the only two markets to report occupancy above 80 percent.
Helped by Taylor Swift’s Eras Tour, Nashville reported the largest increase in ADR (+27.9 percent to $227.79) and the second-highest jump in RevPAR (+33.2 percent to $174.20).
The only RevPAR declines were seen in Miami (-9.9 percent to $197.12) and San Francisco (-2.4 percent to $141.18).