U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR‘s latest data through 6
May. 30 April through 6 May 2023 (percentage change from comparable week in 2022):
- Occupancy: 65.2% (+2.0%)
- Average daily rate (ADR): US$157.62 (+6.4%)
- Revenue per available room (RevPAR): US$102.74 (+8.4%)
Among the Top 25 Markets, Chicago saw the highest year-over-year increases in occupancy (+14.7% to 67.7%) and RevPAR (+36.2% to US$116.98). Of note, New York City (85.1%) and Oahu Island (80.2%) were the only two markets to report occupancy above 80%. Helped by Taylor Swift’s Eras Tour, Nashville reported the largest increase in ADR (+27.9% to US$227.79) and the second-highest jump in RevPAR (+33.2% to US$174.20). The only RevPAR declines were seen in Miami (-9.9% to US$197.12) and San Francisco (-2.4% to US$141.18).
