The U.S. hotel industry reported its highest monthly room rates on record, according to June 2022 data from STR.
June 2022 (percentage change from June 2019):
- Occupancy: 70.1% (-4.3%)
- Average daily rate (ADR): US$155.04 (+15.3%)
- Revenue per available room (RevPAR): US$108.64 (+10.3%)
The country also reported an all-time high RevPAR level, while occupancy was the highest since August 2019.
Among the Top 25 Markets, New York City experienced the highest occupancy level (83.7%), which was down 7.4% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Houston (58.4%) and Phoenix (62.6%).
Philadelphia reported the steepest decline in occupancy when compared with 2019 (-15.7%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.