Tuesday, May 30, 2023

U.S. Lodge Occupancy Reaches Second Highest Degree

May 2023

HENDERSONVILLE, Tennessee—U.S. resort efficiency elevated from the earlier week and confirmed improved comparisons yr over yr, based on STR’s newest knowledge by Might 20, 2023.

U.S. Lodge Efficiency

Might 14-20, 2023

Proportion change from comparable week in 2022:
Occupancy: 67.5 p.c (down 1.5 p.c)
ADR: $158.53 (up 3.6 p.c)
RevPAR: $106.98 (up 2.1 p.c)

The U.S. occupancy stage was the second highest for any week this yr.

Among the many Prime 25 Markets, Washington, D.C., noticed the best year-over-year will increase in every of the three key efficiency metrics: occupancy (up 9.3 p.c to 83.2 p.c), ADR (up 16.2 p.c to $220.58), and RevPAR (up 27.0 p.c to $183.60). The weekly occupancy stage was the best out there because the begin of the pandemic.

Of word, New York Metropolis noticed the best occupancy stage (89.5 p.c), helped by NYU’s graduation at Yankee Stadium.

The steepest RevPAR declines have been seen in Miami (down 17.6 p.c to $149.00) and San Francisco (down 12.2 p.c to $161.59).

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