Skip to content

Search

Latest Stories

STR: Occupancy drops some for U.S. hotels in week of May 8

The slight week-over-week decline was due to an increase in supply

STR: Occupancy drops some for U.S. hotels in week of May 8

A RISE IN supply led to a slight week-over-week decline in U.S. hotel performance during the first full week of May. Demand was still rising, however.

Occupancy was 56.7 percent for the week ending May 8, down from 57.1 percent the week before. ADR for the week was $110.19, up from $108.80 the week before, and RevPAR rose to $62.50 from $62.13.


“Demand was up week over week, but an increase in supply from both reopenings and new properties pulled national occupancy down,” STR said. “Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.”

STR’s top markets together saw 54.3 percent occupancy, lower than the national average, and ADR was higher than the average at $119.14. The highest occupancy rates were in Miami with 72 percent and Tampa with 69.8 percent. The lowest occupancy was in San Francisco and San Mateo, California, with 40.9 percent and Boston with 42.3 percent.

More for you

Brooklyn: Panwala’s Hotel BPM to Reopen this Fall

Panwala’s Hotel BPM Brooklyn to reopen this fall

DJ BIJAL PANWALA’S Hotel BPM Brooklyn in Brooklyn, New York, is set to reopen in late fall following a multi-million-dollar renovation. The 70-room hotel will be managed by Hotel Equites.

Hotel BPM is also known as Hotel Beats Per Minute.

Keep ReadingShow less
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