The U.S. hotel industry reported higher performance from previous months as well as all-time high room rates, according to April 2022 data from STR.
April 2022 (percentage change from April 2019):
- Occupancy: 65.5% (-3.3%)
- Average daily rate (ADR): US$149.90 (+14.0%)
- Revenue per available room (RevPAR): US$98.20 (+10.2%)
The country’s occupancy and RevPAR levels were the highest since July 2021. On a nominal basis, the country’s ADR level was the highest for any month on record. When adjusted for inflation, the April ADR level was 0.7% above the 2019 comparable.
Among the Top 25 Markets, Miami experienced the highest occupancy level (80.9%), which was down 0.2% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Minneapolis (52.5%) and Detroit (58.4%).
Minneapolis reported the steepest decline in occupancy when compared with 2019 (-22.4%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
Additional Performance Data
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