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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 dataHotel Industry Outlook 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.

Tags: October, performance, US Hotel, week ending

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