Global News

U.S. hotel results for week ending 27 May

Tennessee—As expected ahead of Memorial Day, U.S. hotel performance decreased from the previous week, according to STR‘s latestUS hotel data through 27 May. Year-over-year comparisons were improved. 21-27 May 2023 (percentage change from comparable week in 2022):

  • Occupancy: 66.8% (+0.6%)
  • Average daily rate (ADR): US$156.63 (+2.2%)
  • Revenue per available room (RevPAR): US$104.62 (+2.9%)

Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year occupancy lift (+10.5% to 76.2%). Of note, New York City registered the highest occupancy level (85.7%), helped by Taylor Swift’s Eras Tour.  Detroit reported the largest increases in ADR (+16.9% to US$137.08) and RevPAR (+29.0% to US$91.54) over 2022. The steepest RevPAR declines were seen in Miami (-10.0% to US$143.51) and Dallas (-7.0% to US$83.35).

Tags: ending 27 May, U.S. hotel results

Media,

Related Articles

Related Courses

You might also like:

Advertisements
  • Duetto Trends
  • Cendyn 240 400 2404
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Leading solution providers:

Advertisements
  • 2024 Predictions