For the week of May 14-20, U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to STR’s latest data.
For the week (percentage change from comparable week in 2022):
- Occupancy: 67.5 percent (-1.5 percent)
- Average daily rate: $158.53 (+3.6 percent)
- Revenue per available room: $106.98 (+2.1 percent)
The occupancy level was the second highest for any week this year.
Top Markets
Among STR’s top 25 markets, Washington, D.C., saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+9.3 percent to 83.2 percent), ADR (+16.2 percent to $220.58) and RevPAR (+27 percent to $183.60). The weekly occupancy level was the highest in the market since the start of the pandemic.
Of note, New York City saw the highest occupancy level (89.5 percent), helped by NYU’s commencement at Yankee Stadium.
The steepest RevPAR declines were seen in Miami (-17.6 percent to $149.00) and San Francisco (-12.2 percent to $161.59).