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.