U.S. hotel performance increased from the previous week and showed improved comparisons year-over-year (YOY), according to STR‘s latest data through May 20.
May 14-20 (percentage change from comparable week in 2022):
Occupancy: 67.5% (-1.5%)
ADR: $158.53 (+3.6%)
RevPAR: $106.98 (+2.1%)
The U.S. occupancy level was the second highest for any week this year.
Among the top 25 markets, Washington, DC, saw the highest YOY increases in each of the three key performance metrics: occupancy (+9.3% to 83.2%), ADR (+16.2% to $220.58) and RevPAR (+27.0% 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%), helped by NYU’s commencement at Yankee Stadium.
The steepest RevPAR declines were seen in Miami (-17.6% to $149.00) and San Francisco (-12.2% to $161.59).