The U.S. hotel industry reported average daily rate (ADR) and revenue per available room (RevPAR) that were the highest for any year on
- Occupancy: 62.7% (-4.9%)
- Average daily rate (ADR): US$148.83 (+13.6%)
- Revenue per available room (RevPAR): US$93.27 (+8.1%)
Despite climbing back above the 60% mark, the country’s occupancy level remained below the pre-pandemic comparable. Among the Top 25 Markets, Oahu Island reported the highest occupancy level (75.4%), which was still down 10.5% from the market’s 2019 benchmark. While none of the Top 25 Markets reported an occupancy increase, Tampa came closest to its pre-pandemic comparable (-0.8% to 71.6%). Major markets with the lowest occupancy for the year included Minneapolis (55.5%) and Houston (57.6%). Miami posted the largest ADR increase over 2019 (+30.0% to US$253.11), while Tampa registered the highest growth in RevPAR (+25.2% to US$119.27). The steepest RevPAR deficit was in San Francisco (-33.4% to US$135.65). In aggregate, the Top 25 Markets showed higher occupancy and ADR than all other markets.