U.S. hotel performance improved in the fourth week of April from the week before, according to STR. The top 25 markets saw improvement as well.
Occupancy was 65.8 percent for the week ending April 23, up from 62 percent the week before and down 4.2 percent from 2019. ADR was $148.35 for the week, increased from $147.25 the week before and up 15.4 percent from three years ago. RevPAR reached $97.66 during the week, up from $91.25 the week before and rose 10.5 percent from 2019.
Among STR’s top 25 markets, Tampa saw the highest occupancy, up 3.4 percent to 78.1 percent and ADR, increased 38.5 percent to $203.40, over 2019. Minneapolis experienced the largest occupancy decrease, dipped 21.1 percent to 53.8 percent, from 2019.
The steepest RevPAR deficits were in San Francisco/San Mateo, down 24.8 percent to $131.69, followed by Minneapolis, down 22.7 percent to $62.00, over three years ago.