Skip to content

Search

Latest Stories

STR: Memorial Day pulls U.S. hotel performance down in week of May 27

New York City reported the highest occupancy level at 85.7 percent

STR: Memorial Day pulls U.S. hotel performance down in week of May 27

The Memorial Day calendar shift pulled U.S. hotel performance down in the last week of May, compared to the week before, as expected, according to STR. Meanwhile, the year-over-year comparisons have improved, STR said.

Occupancy was 66.8 percent for the week ending May 27, down from 67.5 percent the week before and increased 0.6 percent over the comparable week in 2022. ADR stood at $156.63 for the week, down from $158.53 the previous week, and up 2.2 percent from the last year. RevPAR reached $104.62 during the week, dipped from $106.98 the week before and increased 2.9 percent against the same period in 2022.


Among STR’s top 25 markets for the week, Washington, D.C., registered the highest year-over-year occupancy lift, up 10.5 percent to 76.2 percent, over 2022.

Of note, New York City reported the highest occupancy level at 85.7 percent, helped by Taylor Swift’s Eras Tour.

Detroit posted the highest ADR lift, jumped 16.9 percent to $137.08) and RevPAR, soared 29 percent to $91.54, against 2022.

The steepest RevPAR declines were seen in Miami, down 10 percent to $143.51) and Dallas, declined 7 to $83.35.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less