Despite exhibiting blended outcomes from the earlier week, U.S. resort efficiency grew yr over yr, for the week of April 30 by means of May 6, based on new knowledge from STR.
Occupancy reached 65.2 %, up two % from the identical week in 2022. Meanwhile, the typical each day charge (ADR) climbed to $157.62, rising 6.4 %, whereas income per accessible room (RevPAR) got here in at $102.74, marking an 8.4 enhance from the identical interval final yr.
Among the Top 25 Markets that STR analyzed, Chicago noticed the very best year-over-year will increase in occupancy and RevPAR. The former jumped a whopping 14.7 % to 67.7 % whereas the latter rose 36.2 % to $116.98.
New York City (85.1 %) and Oahu Island (80.2 %) had been the one two markets to report occupancy above 80 %, based on STR.
Nashville reported the biggest enhance in ADR, which grew 7.9 % to $227.79. The Music City additionally noticed the second-highest bounce in RevPAR, up 33.2 % to $174.20. The rises had been aided by the arrival of Taylor Swift’s Eras Tour.
STR famous that the one RevPAR declines over the latest week was seen in Miami and San Francisco, the place RevPAR declined 9.9 % to $197.12 and a pair of.4 % to $141.18, respectively.
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