STR: U.S. HOTELS’ REVPAR REACHES ALL-TIME WEEKLY HIGH IN SECOND WEEK OF JUNE

THE REVPAR OF U.S. hotels reached an all-time weekly high on a nominal basis in the second week of June as performance jumped, according to STR. The ADR and
occupancy levels were the second and third highest of the pandemic-era, respectively, during the week.

Occupancy was 70.6 percent for the week ending June 11, up from 63.2 percent the week before and dropped 4.1 percent from 2019. ADR was $155.37 for the week, up
from $147.35 the week before and increased 15.4 percent from three years ago. RevPAR reached $109.76 during the week, up from $93.16 the week before and up 10.7
percent from 2019.

According to STR, the top 25 markets posted their highest metrics since the beginning of the pandemic in aggregate during June’s second week. Leading the major
markets in absolute occupancy for the week were Seattle with 85.2 percent, San Francisco/San Mateo with 84.3 percent and New York with 85.1 percent.