US hotel performance looking better by the week
Global News

US hotel performance looking better by the week

U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according to STR‘s latest data through 23 July.

17-23 July 2022 (percentage change from comparable week in 2019*):

  • Occupancy: 72.8% (-6.0%)
  • Average daily rate (ADR): US$158.79 (+16.4%)
  • Revenue per available room (RevPAR): US$115.59 (+9.3%)

In addition to the weekly RevPAR level, occupancy was the highest since early August 2019.

US hotel performance

Among the Top 25 Markets, Orlando reported the only occupancy increase over 2019 (+2.2% to 81.8%).

San Diego (87.1%), Oahu Island (86.2%) and Seattle (85.7%) led the major markets in absolute occupancy for the week.

San Diego posted the largest ADR gain over 2019 (+40.5% to US$286.50).

San Francisco was the only market to report an ADR decrease compared to 2019 (-5.6% to US$225.61).

The steepest RevPAR deficits were in San Francisco (-20.5% to US$170.99) and Washington, D.C. (-12.3% to US$108.33).

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

Tags: Smith Travel Research, STR, US hotels, US hotels performance


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