U.S. hotel performance improved from the previous week, according to STR‘s latest data through 21 May.
15-21 May 2022 (percentage change from comparable week in 2019*):
- Occupancy: 68.6% (-3.5%)
- Average daily rate (ADR): US$151.75 (+13.4%)
- Revenue per available room (RevPAR): US$104.06 (+9.5%)
The weekly RevPAR level was the highest in the U.S. since mid-July 2019.
Among the Top 25 Markets, Miami saw the highest occupancy increase over 2019 (+4.7% to 77.5%).
Of note, New York City saw the highest occupancy level for the week (89.4%), which was helped by both the New York University and Columbia University commencement ceremonies.
Philadelphia experienced the largest occupancy decrease from 2019 (-13.2% to 69.8%).
Miami posted the highest ADR gain over 2019 (+42.4% to US$250.75).
The steepest RevPAR deficits were in San Francisco (-16.2% to US$185.38) and Philadelphia (-12.6% to US$113.97).
Overall, the Top 25 Markets saw their highest weekly occupancy, ADR and RevPAR levels of the pandemic-era.
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
