STR Weekly Insights: 26 May – 1 June 2024

U.S. hotel performance over the week of Memorial Day (ending 1 June 2024) showed a modest 1.0% increase in revenue per available room (RevPAR), all from occupancy, as average daily rate (ADR) was essentially unchanged (+0.1%). The Top 25 Markets amplified this pattern with occupancy increasing 1.6ppts YoY, while ADR for those markets decreased 0.5%, netting RevPAR growth of 2.0%.