HENDERSONVILLE, Tennessee—U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May.
7-13 May 2023 (percentage change from comparable week in 2022):
- Occupancy: 65.1% (-2.0%)
- Average daily rate (ADR): US$154.90 (+3.4%)
- Revenue per available room (RevPAR): US$100.81 (+1.3%)
Worsened comparisons than the week prior were expected and normal given seasonal slowing and the negative side of the Mother’s Day calendar shift. Â
Among the Top 25 Markets, Philadelphia saw the only double-digit increase in occupancy (+13.3% to 73.2%) as well as the highest jumps in ADR (+14.5% to US$189.50) and RevPAR (+29.7% to US$138.80).
Of note, New York City (83.7%) was the only major market to report occupancy above 80%. That level was up 3.9% year over year.
The steepest occupancy decline was reported in San Francisco/San Mateo (-9.2% to 65.7%). Hotels in Miami reported the biggest declines in ADR (-14.2% to US$221.88) and RevPAR (-20.9% to US$153.71).
Additional Performance Data
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