Occupancy was 66.6 percent for the week ending April 30, up from 65.8 percent the week before and down 3.4 percent from 2019. ADR was $146.67 for the week, down from $148.35 the week before and up 10.2 percent from three years ago. RevPAR reached $97.72 during the week, slightly up from $97.66 the week before and rose 6.4 percent from 2019.
Among STR’s top 25 markets, Phoenix saw the highest occupancy increase, up 5.5 percent to 75.9 percent, over 2019. Minneapolis experienced the largest occupancy decrease, down 23.8 percent to 55.1 percent, from 2019.
The steepest RevPAR deficits were in Boston, dipped 30 percent to $128.27, followed by Minneapolis, decreased 28.5 percent to $64.23, when compared to three years ago.