Regardless of displaying blended outcomes from the earlier week, U.S. resort efficiency grew yr over yr, for the week of April 30 by means of Could 6, in response to new knowledge from STR.
Occupancy reached 65.2 p.c, up two p.c from the identical week in 2022. In the meantime, the typical every day charge (ADR) climbed to $157.62, rising 6.4 p.c, whereas income per obtainable room (RevPAR) got here in at $102.74, marking an 8.4 enhance from the identical interval final yr.
Among the many High 25 Markets that STR analyzed, Chicago noticed the best year-over-year will increase in occupancy and RevPAR. The previous jumped a whopping 14.7 p.c to 67.7 p.c whereas the latter rose 36.2 p.c to $116.98.
New York Metropolis (85.1 p.c) and Oahu Island (80.2 p.c) have been the one two markets to report occupancy above 80 p.c, in response to STR.
Nashville reported the most important enhance in ADR, which grew 7.9 p.c to $227.79. The Music Metropolis additionally noticed the second-highest leap in RevPAR, up 33.2 p.c to $174.20. The rises have been aided by the arrival of Taylor Swift’s Eras Tour.
STR famous that the one RevPAR declines over the newest week was seen in Miami and San Francisco, the place RevPAR declined 9.9 p.c to $197.12 and a pair of.4 p.c to $141.18, respectively.
