STR: U.S. hotel results for week ending 3 June

As expected with the Memorial Day holiday, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 3 June.

• Among the Top 25 Markets, Las Vegas saw the highest year-over-year occupancy lift (+9.5% to 73.5%).
• Washington, D.C., posted the only double-digit gain in ADR (+10.7% to US$174.53).
• Boston reported the largest RevPAR increase (+18.6% to US$176.93) over 2022.
• The steepest RevPAR declines were seen in San Francisco (-15.6% to US$108.49) and Orlando (-12.8% to US$109.48).

28 May - 3 June 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 61.6% (-2.3%, -14.3%)
• Average daily rate (ADR): US$150.28 (+1.3%, +12.6%)
• Revenue per available room (RevPAR): US$92.55 (-1.0%, -3.5%)