STR: U.S. Hotel Industry Reports Higher Performance in May 2023
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 […]
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