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STR: U.S. weekly hotel occupancy nears 71 percent despite year-over-year decline

Oahu Island's occupancy surged by 13 percent to reach 84.8 percent

STR: U.S. weekly hotel occupancy nears 71 percent despite year-over-year decline

U.S. hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR‘s latest data through June 17.

During the week ending June 17, U.S. hotel occupancy reached 70.8 percent, slightly higher than the previous week's 69.4 percent, but down 1.1 percent compared to 2022. The ADR for the week was $159.82, up from $157.69 the previous week and showing a 2.6 percent increase from last year. RevPAR rose to $113.17 in the second week, up from $109.38 the previous week, and marking a 1.5 percent growth compared to 2022.


Among the top 25 markets, Oahu Island saw the only double-digit occupancy lift over 2022, increased 11 percent to 84.1 percent.

Los Angeles posted the highest gain in ADR, up 12.7 increased to $222.47, helped by the 123rd U.S. Open.

Las Vegas reported the largest year-over-year RevPAR increase, up 16.8 percent to $146.33.

The steepest RevPAR declines were seen in New Orleans, down 24.4 percent to $90.01 and San Francisco, declined 18.4 percent to $138.95.

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Vision to Manage SpringHill Suites in Goose Creek, S.C.

Vision to manage SpringHill Suites Goose Creek, S.C.

Summary:

  • Vision Hospitality to manage 109-room SpringHill Suites Goose Creek, opening 2027.
  • The property is being developed by Clarendon Properties and CRAD.
  • It features 1,000 square feet of meeting space.

VISION HOSPITALITY GROUP Inc. will manage the SpringHill Suites by Marriott Goose Creek. The 109-room hotel is scheduled to open early 2027 in Summerville, South Carolina.

The hotel is being developed by Clarendon Properties LLC in partnership with Commercial Realty Advisors Development. The project marks a new management collaboration between Vision and the developers, Vision said in a statement.

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