HENDERSONVILLE, Tenn. — The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR.
In comparison to May 2019, occupancy came in at 65.1 per cent (down five per cent), Average Daily Rate (ADR) was US$149.91 (up 13.4 per cent) and Revenue Per Available Room (RevPAR) sat at US$97.53 (up 7.7 per cent). The country’s occupancy and RevPAR levels decreased slightly from April, while ADR remained relatively flat.
Among the top 25 markets, New York City had the highest occupancy level (80.6 per cent), which was down 9.7 per cent from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included Minneapolis (58.8 per cent) and Houston (59.4 per cent). Philadelphia reported the steepest decline in occupancy (down 17 per cent). As a result of more business and group travel, the top 25 markets showed higher occupancy and ADR than all other markets.