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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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Peachtree closes $3B in credit, $538M CPACE
Photo credit: Peachtree Group

Peachtree closes $3B in credit, $538M CPACE

Summary:

  • Peachtree deployed $3B in credit transactions and closed 31 CPACE deals totaling $538.2M.
  • It entered private credit in 2010 and offers loans, CPACE, mezzanine and preferred equity.
  • The firm also deployed over $2B across non-hospitality sectors.

PEACHTREE GROUP DEPLOYED $3 billion in credit transactions in 2025, an 86.8 percent increase from 2024 and closed 31 CPACE transactions totaling $538.2 million. The firm also expanded its government lending platform, including USDA and other federally guaranteed programs, to support sponsors across asset types and capital needs.

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