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STR: Occupancy drops some for U.S. hotels in week of May 8

The slight week-over-week decline was due to an increase in supply

STR: Occupancy drops some for U.S. hotels in week of May 8

A RISE IN supply led to a slight week-over-week decline in U.S. hotel performance during the first full week of May. Demand was still rising, however.

Occupancy was 56.7 percent for the week ending May 8, down from 57.1 percent the week before. ADR for the week was $110.19, up from $108.80 the week before, and RevPAR rose to $62.50 from $62.13.


“Demand was up week over week, but an increase in supply from both reopenings and new properties pulled national occupancy down,” STR said. “Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.”

STR’s top markets together saw 54.3 percent occupancy, lower than the national average, and ADR was higher than the average at $119.14. The highest occupancy rates were in Miami with 72 percent and Tampa with 69.8 percent. The lowest occupancy was in San Francisco and San Mateo, California, with 40.9 percent and Boston with 42.3 percent.

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AHLA Signs US Food Waste Pact
Photo credit: AHLA

AHLA signs Food Waste Pact

Summary:

  • AHLA joined the U.S. Food Waste Pact to reduce food waste.
  • The association is the 30th business to join, alongside Hilton.
  • It has also supported federal food waste reduction bills.

THE AMERICAN HOTEL & Lodging Association joined the U.S. Food Waste Pact, a joint initiative led by ReFED and the World Wildlife Fund. The association joined other businesses and organizations in signing the Pact’s voluntary agreement, which uses the “Target, Measure, Act” framework to guide industry action.

AHLA is the 30th business to join, with Hilton Worldwide Holdings among the other hospitality signatories, the association said in a statement.

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