Among the Top 25 Markets, New York City saw the largest year-over-year increases in occupancy (+11.8% to 90.9%) and RevPAR (+21.2% to US$253.61).
U.S. hotel demand declined slightly year over year, but modest supply growth helped mitigate the impact on occupancy.
Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (+7.7% to 79.4%).
The U.S. hotel industry reported higher performance from the month prior but lower year-over-year percentage changes, according to June 2023 data from STR.
The steepest RevPAR declines were seen in Atlanta (-19.3% to US$64.74) and Minneapolis (-18.8% to US$61.57).
Chain scale and independent RevPAR performance diverge. RevPAR for chain scale hotels increased 3.8% year-over-year in May compared with a 3.8% decline for independent hotels.
U.S. hotel performance fell from the previous week, but year-over-year comparisons improved, according to STR‘s latest data through 1 July.
U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, according to STR‘s May 2023 P&L data release.
U.S. RevPAR increased 3.7% year over year (YoY) to $101.31. Growth was driven entirely by ADR, which rose 3.8% even as occupancy declined 0.2% from May 2022.
U.S. hotel performance remained mostly flat from the previous week, and year-over-year comparisons remained mixed, according to STR‘s latest data through 24 June.