STR: U.S. hotel results for week ending 21 May

U.S. hotel performance improved from the previous week, according to STR‘s latest data through 14 May.

• Among the Top 25 Markets, Miami saw the highest occupancy increase over 2019 (+4.7% to 77.5%).
• Of note, New York City saw the highest occupancy level for the week (89.4%), which was helped by both the New York University and Columbia University commencement ceremonies.

15-21 May 2022 (percentage change from comparable week in 2019):

• Occupancy: 68.6% (-3.5%)
• Average daily rate (ADR): US$151.75 (+13.4%)
• Revenue per available room (RevPAR): US$104.06 (+9.5%)