STR: U.S. hotels occupancy, ADR, RevPAR fall in second week of May

Philadelphia posts double-digit increase in occupancy in the second week of May

0
611
U.S. hotels occupancy May
Occupancy was 65.1 percent for the week ending May 13, declined from 65.2 percent the week before and down 2 percent over the comparable week in 2022, according to STR. ADR stood at $154.90, down from $157.62, and increased 3.4 percent from 2022. RevPAR came in at $100.81 in the last week, declined from $102.74 the week before and increased 1.3 percent against the same period in 2022, according to STR.

U.S. WEEKLY HOTEL performance posted mixed year-over-year comparisons, while occupancy, ADR, and RevPAR declined in the second week of May over the previous week, according to STR. Meanwhile, “worsened comparisons than the week prior were expected due to normal given seasonal slowing and the negative side of the Mother’s Day calendar shift,” STR said.

Occupancy was 65.1 percent for the week ending May 13, declined from 65.2 percent the week before and down 2 percent over the comparable week in 2022. ADR stood at $154.90, down from $157.62, and increased 3.4 percent from 2022. RevPAR came in at $100.81 in the last week, declined from $102.74 the week before and increased 1.3 percent against the same period in 2022.

Among the top 25 markets, Philadelphia registered the only double-digit increase in occupancy in the second week of the month, up 13.3 percent to 73.2 percent. ADR jumped 14.5 to $189.50, while RevPAR was up 29.7 percent to $138.80.

Of note, New York City, 83.7 percent, was the only major market to report occupancy above 80 percent. That level was up 3.9 percent year-over-year.

The steepest occupancy decline was reported in San Francisco/San Mateo, down 9.2 percent to 65.7 percent. Hotels in Miami reported the biggest declines in ADR, declined 14.2 percent to $221.88 and RevPAR, down 20.9 percent to $153.71.