STR: U.S. hotel performance shows mixed results in last week of April

New York City, Las Vegas and San Francisco posted occupancy above 80 per cent

0
1564
U.S. hotel performance April
Occupancy stood at 66.6 percent for the week ending April 29, down from 67.2 percent the week before and increased 0.1 percent over the comparable week in 2022, according to STR. ADR came in at $156.14, up from $155.76 the week before, and rose 5.5 percent from 2022. RevPAR was $104.01 in the last week, down from $104.64 the week before and increased 5.6 percent against the same period in 2022, according to STR.

U.S. HOTEL PERFORMANCE showed mixed results from the previous week, according to STR‘s latest data through the end of April. However, it remained up year over year.

According to STR, occupancy stood at 66.6 percent for the week ending April 29, down from 67.2 percent the week before and increased 0.1 percent over the comparable week in 2022. ADR came in at $156.14, up from $155.76 the week before, and rose 5.5 percent from 2022. RevPAR was $104.01 in the last week, down from $104.64 the week before and increased 5.6 percent against the same period in 2022.

Among the Top 25 Markets, Boston registered the highest year-over-year increase in occupancy in the fourth week of the month, up 15.3 percent to 75.6 per cent.

Meanwhile, New York City (87.8 percent), Las Vegas (81.5 percent), and San Francisco (81.1 percent) were the only three markets to post occupancy above 80 percent.

Helped by the RSA Conference, San Francisco also reported the largest increases in ADR, up 38.9 percent to $303.25, while RevPAR increased 47.0 percent to $245.99.

The steepest RevPAR declines were seen in Miami, down 16.3 percent to $165.08, and Las Vegas, declined 12.7 percent to $130.28.