Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week, according to STR's latest data. For the week of May 29 through June 4 (percentage change from comparable week in 2019):
- Occupancy: 63.2 percent (-12.1 percent)
- Average daily rate: $147.35 (+11.3 percent)
- Revenue per available room: $93.16 (-2.2 percent)
In comparison, during the week of May 22-28:
- Occupancy: 66.5 percent (+3.2 percent)
- Average daily rate: $151.73 (+22.2 percent)
- Revenue per available room: $100.97 (+26.2 percent)
Top Markets
While none of the top 25 markets showed an occupancy increase over 2019, Orlando came closest to its prepandemic comparable (-2.5 percent to 68.9 percent).
San Francisco (-25.5 percent to 63.3 percent) and Minneapolis (-25.5 percent to 55.7 percent) matched for the largest occupancy decrease from 2019. The markets also reported the steepest RevPAR declines, down -42.6 percent and -29.7 percent, respectively.
Miami posted the largest ADR gain over 2019 (+37.8 percent to $209.55)