U.S. hotel performance increased from the previous week, according to STR‘s latest data through May 21.
For the week of May 15-21 (percentage change from comparable week in 2019):
- Occupancy: 68.6 percent (-3.5 percent)
- Average daily rate: $151.75 (+13.4 percent)
- Revenue per available room: $104.06 (+9.5 percent)
The weekly RevPAR level was the highest in the U.S. since mid-July 2019.
In comparison, for the week of May 8-14 (also from the comparable week in 2019):
- Occupancy: 66.5 percent (-5.9 percent)
- ADR: $148.31 (+10.5 percent)
- RevPAR: $98.59 (+4.1 percent)
Top Markets
Among STR’s top 25 markets, Miami saw the highest occupancy increase over 2019 (+4.7 percent to 77.5 percent).
Of note, New York City saw the highest occupancy level for the week (89.4 percent), which was helped by both the New York University and Columbia University commencement ceremonies.
Philadelphia experienced the largest occupancy decrease from 2019 (-13.2 percent to 69.8 percent).
Miami posted the highest ADR gain over 2019 (+42.4 percent to $250.75).
The steepest RevPAR deficits were in San Francisco (-16.2 percent to $185.38) and Philadelphia (-12.6 percent to $113.97).
Overall, the top 25 markets saw their highest weekly occupancy, ADR and RevPAR levels of the pandemic-era.