A new report by hospitality consulting firm STR Global found that occupancy levels as well as the average daily rate at hotels increased during the month of May in all four regions of the country.
According to Business Travel News, the average daily rate rose by 4.5 percent year over year in May at a price of $116.90. While rates rose, so did occupancy levels, which were at 66.9 percent after rising by 4.9 percent in May.
The region that saw the largest increase in daily rates was San Francisco, where rates went up 13.4 percent to $203.18. Panama City, Florida, saw the biggest decrease in hotel rates with a drop of 7.2 percent to $102.80, the source reported.
Albany and Scottsdale occupancy rates up
Albany, New York, was one of the cities to see the largest increases in hotel occupancy in May, the Albany Business Review reported.
The average hotel occupancy rate in Albany for the city’s 138 hotels rose 10.6 percent to 69.1 percent in May. The source reported that those numbers make it to the 11th straight month of year-over-year increases in Albany’s hospitality sector.
The average daily rate was $110.21 in May, an increase of 2.7 percent, according to the source.
The news was welcomed in Albany as hotels continue to open and more are expected to in the upcoming months.
Scottsdale, Arizona, was another city that experienced strong occupancy rates in May. Occupancy rose 4.7 percent year-over-year to 67.5 percent, the Phoenix Business Journal reported.
The average daily rate in May stood at $155.52 after rising 6.1 percent.
“We heard from our hotel partners that May was a surprisingly good month for business, and seeing that reflected in May data is great news for Scottsdale,” Megan Doyle, a spokeswoman for the Scottsdale Convention & Visitors Bureau told the Phoenix Business Journal. “It’s our hope that May’s positive momentum, along with help from our ‘Summer in Scottsdale’ campaign, will carry us through the summer months.”