Occupancy was 62 percent for the week ending April 16, down from 66.4 percent the week before and down 5.6 percent from 2019. ADR was $147.25 for the week, down from $150.45 the week before and up 14.4 percent from 2019. RevPAR reached $91.25 during the week, down from $99.93 the week before and up 8 percent from three years ago.
Among STR’s top 25 markets, Tampa saw the highest occupancy increase over 2019, up 3.2 percent to 76.6 percent.
Phoenix posted the largest ADR increase in the week, up 33.8 percent to $189.16, over 2019.
Minneapolis experienced the largest occupancy decrease, dropped 22.7 percent to 46.6 percent, when compared to two years ago.
The steepest RevPAR deficits were in Minneapolis, dipped 22.5 percent to $52.66 and Houston, decreased 21.2 percent to $53.94, over 2019.