7-13 May 2023 (percentage change from comparable week in 2022):
- Occupancy: 65.1% (-2.0%)
- Average daily rate (ADR): US$154.90 (+3.4%)
- Revenue per available room (RevPAR): US$100.81 (+1.3%)
Worsened comparisons than the week prior were expected and normal given seasonal slowing and the negative side of the Mother’s Day calendar shift.
Among the Top 25 Markets, Philadelphia saw the only double-digit increase in occupancy (+13.3% to 73.2%) as well as the highest jumps in ADR (+14.5% to US$189.50) and RevPAR (+29.7% to US$138.80).
Of note, New York City (83.7%) was the only major market to report occupancy above 80%. That level was up 3.9% year over year.