U.S. hotel performance remained mostly flat from the previous week, and year-over-year comparisons remained mixed, according to STR‘s latest data through June 24.
June 18-24 (percentage change from comparable week in 2022):
Occupancy: 71.4% (-1.0%)
ADR: $159.00 (+0.9%)
RevPAR: $113.58 (-0.1%)
Among the top 25 markets, Minneapolis saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+9.1% to 74.5%), ADR (+20.2% to $158.08) and RevPAR (+31.1% to $117.80). The substantial increases were driven by Taylor Swift’s Eras Tour.
The steepest RevPAR declines were seen in New Orleans (-14.6% to $87.85) and Miami (-11.9% to $122.22).