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U.S. hotel results for week ending 29 October

U.S. hotel performance came in lower than the previous week but showed improved comparisons to 2019, according to STR‘s latest dataUS hotel demand through 29 October. 23-29 October 2022 (percentage change from the comparable week in 2019*):

  • Occupancy: 65.8% (+5.2%)
  • Average daily rate (ADR): US$152.94 (+21.4%)
  • Revenue per available room (RevPAR): US$100.59 (+27.8%)

The occupancy increase from 2019 reflected the positive side of the Halloween calendar shift, as the holiday fell during the comparable week in 2019. The next week of data to be processed (30 October-5 November) will show the negative side of that shift.

Among the Top 25 Markets, Tampa reported the largest increases over 2019 in each of the key performance metrics: occupancy (+21.5% to 76.1%), ADR (+42.1% to US$158.38) and RevPAR (+72.5% to US$120.58). Tampa has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand.  San Francisco was the only market to post declines in ADR (-7.4% to US$218.81) and RevPAR (-23.9% to US$145.37).*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

Tags: October 29, performance, str report, US Hotel

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