STR: U.S. hotels post lower year-over-year results for week ending April 8

New York City witnessed the highest year-over-year increases in occupancy, up 6.3 percent to 82.2 percent

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STR April report
Occupancy stood at 61.3 percent for the week ending April 8, down from 66.2 percent the week before, and dipped 7.4 percent than the comparable week in 2022, according to STR. ADR stood at $153.30, down from $158.40 the week before, and rose 0.8 percent compared to 2022. RevPAR was $94, down from $104.78 in the last week and slipped 6.7 percent over the same month in 2022.

INFLUENCED BY EASTER and Passover calendar shift, U.S. hotel performance registered lower year-over-year comparisons from the previous week, according to STR’s latest data through 8 April.

Occupancy was 61.3 percent for the week ending April 8, down from 66.2 percent the week before, and dipped 7.4 percent than the comparable week in 2022. ADR stood at $153.30, down from $158.40 the week before, and rose 0.8 percent compared to 2022. RevPAR was $94, down from $104.78 in the last week and slipped 6.7 percent over the same month in 2022.

Among the Top 25 Markets, New York City saw the highest year-over-year increases in occupancy, up 6.3 percent to 82.2 percent and RevPAR rose 19.4 percent to $232.80 over 2022.

Houston reported the most substantial year over year ADR growth, up 15.5 percent to $119.91.

The steepest RevPAR declines were seen in New Orleans comparing against 2022, down 45.2 percent to $99.34, and Las Vegas, down 28.3 to $113.67.