U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June.
5-11 June 2022 (percentage change from comparable week in 2019*):
- Occupancy: 70.6% (-4.1%)
- Average daily rate (ADR): US$155.37 (+15.4%)
- Revenue per available room (RevPAR): US$109.76 (+10.7%)
In addition to the weekly RevPAR record, the ADR and occupancy levels were the second and third highest in the pandemic era.
In aggregate, the Top 25 Markets posted their highest metrics since the beginning of the pandemic.
While none of those markets showed an occupancy increase over 2019, Tampa came closest to its pre-pandemic comparable (-0.1% to 72.4%).
Seattle (85.2%), San Francisco/San Mateo (84.3%) and New York (85.1%) led the major markets in absolute occupancy for the week.
New Orleans reported the largest occupancy decrease from 2019 (-17.4% to 60.3%).
Miami posted the largest ADR gain over 2019 (+32.0% to US$205.18).
The steepest RevPAR deficits were in Philadelphia (-5.8% to US$111.03) and Oahu Island (-5.0% to US$207.14).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.