STR: May U.S. hotel rates rise, occupancy slips again

RevPAR and ADR for U.S. hotels in May increased year over year, while occupancy slipped slightly

Jun 22, 2023

May 2023 U.S. hotel ADR was $156.25, up 3.8 percent year over year and up slightly from $155.77 in April. May U.S. hotel RevPAR increased 3.7 percent year over year to $101.31, which also beat $100.39 the month prior.

Key takeaways

  • Among STR’s top 25 markets, New York again experienced the highest occupancy at 84 percent in May - up 3.6 percent year over year and up from 82.6 percent the month prior;
  • On the flip side, Houston and Minneapolis the lowest occupancies among STR’s top 25 markets in May, with Minneapolis at 59.1 percent and Houston with 60.2 percent;
  • According to STR, May statistics reflect continued improvement in business and group travel, as the top 25 markets showed higher occupancy and ADR than all other markets.

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