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STR: U.S. hotel occupancy declines but ADR up in May's first week

San Diego saw the highest occupancy increase over 2019

STR: U.S. hotel occupancy declines but ADR up in May's first week

U.S. HOTEL OCCUPANCY decreased in the first week of May compared to the week before, according to STR. However, ADR increased slightly.

Occupancy was 63.9 percent for the week ending May 7, down from 66.6 percent the week before and dipped 6.1 percent from 2019. ADR was $147.24 for the week, up from $146.67 the week before and up 12 percent from three years ago. RevPAR reached $94.10 during the week, up from $97.72 and rose 5.1 percent from 2019.


Among STR's top 25 markets, San Diego saw the highest occupancy increase, up 5.6 percent to 74.5 percent, over 2019.

Chicago experienced the largest occupancy decrease during the week, down 22.2 percent to 59.2 percent, when compared to 2019.

The steepest RevPAR deficits were in San Francisco, dipped 29.1 percent to $142.60, followed by Philadelphia, decreased 26.7 percent to $89.06, over 2019.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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