THE REVPAR OF U.S. hotels reached an all-time weekly high on a nominal basis in the second week of June as performance jumped, according to STR. The ADR and occupancy levels were the second and third highest of the pandemic-era, respectively, during the week.
Occupancy was 70.6 percent for the week ending June 11, up from 63.2 percent the week before and dropped 4.1 percent from 2019. ADR was $155.37 for the week, up from $147.35 the week before and increased 15.4 percent from three years ago. RevPAR reached $109.76 during the week, up from $93.16 the week before and up 10.7 percent from 2019.
According to STR, the top 25 markets posted their highest metrics since the beginning of the pandemic in aggregate during June’s second week. Leading the major markets in absolute occupancy for the week were Seattle with 85.2 percent, San Francisco/San Mateo with 84.3 percent and New York with 85.1 percent.
However, none of those markets showed an occupancy increase over 2019. Tampa came closest in occupancy, down just 0.1 percent to 72.4 percent, to its pre-pandemic comparable.
Miami posted the largest ADR gain, up 32 percent to $205.18, over 2019. New Orleans reported the largest occupancy decrease, dropped 17.4 percent to 60.3 percent, from 2019.
The steepest RevPAR deficits were in Philadelphia, down 5.8 percent to $111.03, followed by Oahu Island, dipped 5 percent to $207.14.