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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%).

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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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