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.