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U.S. hotel results for week ending 22 October

U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latestHotel Industry Outlook data through 22 October. 16-22 October 2022 (percentage change from the comparable week in 2019*):

  • Occupancy: 69.9% (-0.5%)
  • Average daily rate (ADR): US$157.43 (+16.7%)
  • Revenue per available room (RevPAR): US$110.11 (+16.1%)

Among the Top 25 Markets, Tampa reported the largest increases over 2019 in occupancy (+7.4% to 75.9%) and RevPAR (+39.2% to US$117.28). Tampa has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand.  Miami posted the highest ADR increase over 2019 (+32.8% to US$221.59). San Francisco was the only market to post an ADR decline (-8.5% to US$234.06). The steepest RevPAR declines were in San Francisco (-22.0% to US$175.30) and Minneapolis (-13.7% to US$79.33). *Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

Tags: October, report, results, STR, US Hotel


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