U.S. hotel results for week ending 1 October - Insights
Global News

U.S. hotel results for week ending 1 October

As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisonsUS hotel demand with 2019, according to STR‘s latest data through 1 October. 25 September through 1 October 2022  (percentage change from the comparable week in 2019*):

  • Occupancy: 66.4% (-2.4%)
  • Average daily rate (ADR): US$149.71 (+15.7%)
  • Revenue per available room (RevPAR): US$99.36 (+12.9%)

In addition to the Rosh Hashanah impact on business travel and groups in the major markets, there were demand shifts in the southeast region due to Hurricane Ian. STR’s Market Recovery Monitor will provide further analysis in the coming days.

Among the Top 25 Markets, Phoenix reported the highest occupancy increase over 2019 (+7.5% to 69.7%). San Diego reported the largest ADR gain over 2019 (+29.8% to US$203.71).San Francisco was the only market to post an ADR drop (-2.8% to US$234.73). The steepest RevPAR declines were in San Francisco (-14.1% to US$176.63) and Minneapolis (-10.0% to US$79.76). *Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

Tags: , ,
Media

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an inte…

Related Courses

Related Articles

The latest trend in Travel Risk Management: People Risk Management
6th conference on wine tourism: Innovation, Partnerships and Technology

You might also like:

 
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Most popular:

Popular this week:

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]