U.S. HOTEL PERFORMANCE dropped in the first week of June compared to the week before due to the expected slowdown following the Memorial Day holiday or (Post Memorial Day), according to STR. However, ADR increased for the week compared to 2019.
Occupancy was 63.2 percent for the week ending June 4, down from 66.5 percent the week before and dropped 12.1 percent from 2019. ADR was $147.35 for the week, down from $151.73 the week before and up 11.3 percent from three years ago. RevPAR reached $93.16 during the week, decreased from $100.97 the week before and dropped 2.2 percent from 2019.
None of STR’s top 25 markets showed an occupancy increase over 2019 during the post Memorial Day week. Orlando came closest to its pre-pandemic levels, down just 2.5 percent to 68.9 percent, and Miami posted the largest ADR gain, up 37.8 percent to $209.55.
According to STR, San Francisco reported the largest occupancy decrease, down 25.5 percent to 63.3 percent, followed by Minneapolis, dropped 25.5 percent to 55.7 percent, when compared to 2019.
These markets also reported the steepest RevPAR declines, down 42.6 percent and 29.7 percent, respectively.