U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019 on the favorable side of a holiday calendar shift, according to STR‘s latest data through Dec. 31.
Dec. 25-31, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 54.2% (+10.4%)
- Average daily rate (ADR): $167.21 (+21.7%)
- Revenue per available room (RevPAR): $90.63 (+34.3%)
The comparable week three years ago covered Dec. 29 to Jan. 4.
Among the Top 25 Markets, Norfolk/Virginia Beach reported the highest occupancy increase over 2019 (+22.9% to 48.5%).
Phoenix posted the highest ADR lift over 2019 (+53.5% to $174.33).
None of the Top 25 Markets reported an ADR decline.
San Francisco (-9.3% $92.78) and Los Angeles (-4.2% to $127.74) saw the only RevPAR declines from 2019.
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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