Revenue per available room and average
daily rates for U.S. hotels in May increased year over year, while occupancy
slipped slightly, according to hospitality analytics firm STR.
May 2023 U.S. hotel ADR was $156.25,
up 3.8 percent year over year and up slightly from $155.77 in April. May U.S.
hotel RevPAR increased 3.7 percent year over year to $101.31, which also beat $100.39
the month prior.
May occupancy, however, slipped
0.2 percent year over year to 64.8 percent but was up slightly from 64.4
percent occupancy in April.
Among STR’s top 25 markets, New
York again experienced the highest occupancy at 84 percent in May—up 3.6
percent year over year and up from 82.6 percent the month prior. According to
STR, the occupancy boost in New York was buoyed by NYU’s commencement and the
Taylor Swift Eras Tour.
On the flip side, Houston and Minneapolis
the lowest occupancies among STR’s top 25 markets in May, with Minneapolis at 59.1
percent and Houston with 60.2 percent.
According to STR, May statistics reflect
continued improvement in business and group travel, as the top 25 markets
showed higher occupancy and ADR than all other markets.
