U.S. hotel results for week ending 15 October

U.S. hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR‘s latest data through 15 October. 

9-15 October 2022 (percentage change from the comparable week in 2019*):

• Occupancy: 70.3% (-2.7%)
• Average daily rate (ADR): US$157.52 (+15.8%)
• Revenue per available room (RevPAR): US$110.78 (+12.8%)

Among the Top 25 Markets, Tampa reported the largest increases over 2019 in each of the key performance metrics: occupancy (+17.1% to 80.6%), ADR (+34.6% to US$159.80) and RevPAR (+57.7% to US$128.85). Tampa has been one of the markets in Florida that have seen a performance lifted associated with post-Hurricane Ian demand.  

San Francisco was the only market to post an ADR decline (-11.9% to US$237.17). 

The steepest RevPAR declines were in San Francisco (-28.3% to US$170.49) and Minneapolis (-7.9% to US$80.19).  

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