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Saturday, November 23, 2024

STR: U.S. Hotel Performance Dipped from the Previous Week

U.S. hotel performance dipped from the previous week but continued to improve in comparison with 2019, according to STR‘s latest data from August 28 through September 3, 2022 (percentage change from comparable week in 2019*):

  • Occupancy: 62.8% (+3.1%)
  • Average daily rate (ADR): US$147.14 (+20.9%)
  • Revenue per available room (RevPAR): US$92.45 (+24.6%)
Among the Top 25 Markets, Miami reported the largest increase over 2019 in occupancy (+30.1% to 62.2%) and RevPAR (+86.5% to US$112.37).

San Diego reported the largest ADR gain over 2019 (+50.1% to US$222.47).

San Francisco was the only market to show a decrease in RevPAR over 2019 (-16.2% to US$151.62).

Original source can be found here.

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