HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from the month prior, according to May 2023 data from STR.
U.S. Hotel Performance
May 2023
Occupancy: 64.8 percent (down 0.2 percent)
ADR: $156.25 (up 3.8 percent)
RevPAR: $101.31 (up 3.7 percent)
Among the Top 25 Markets, New York City experienced the highest occupancy level (84.0 percent), which was up 3.6 percent year over year. Performance was helped by NYU’s commencement at Yankee Stadium and Taylor Swift’s Eras Tour.
Markets with the lowest occupancy for the month included Minneapolis (59.1 percent) and Houston (60.2 percent).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
