U.S. hotel performance decreased from the previous week, according to STR‘s latest data through March 5.
Feb. 27 through March 5, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 61.2% (-8.2%)
- Average daily rate (ADR): $137.96 (+4.7%)
- Revenue per available room (RevPAR): $84.39 (-3.8%)
While none of the top 25 Markets showed an occupancy increase over 2019, Norfolk/Virginia Beach came closest to its 2019 comparable (-0.8% to 56.3%).
San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-36.8% to 51%).
Miami posted the highest ADR (+27.3% to $311.19) and RevPAR (+25.0% to $254.37) increases over 2019.
The steepest RevPAR deficits were in San Francisco/San Mateo (-64.2% to $87.61) and Washington, D.C. (-38.9% to $74.70).
*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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