U.S. hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR‘s latest data through Oct. 8.
Oct. 2-8, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 68.2% (-3.5%)
- Average daily rate (ADR): $153.79 (+16.9%)
- Revenue per available room (RevPAR): $104.83 (+12.8%)
While weekday performance showed an expected decline due to Yom Kippur, school breaks and the extended holiday weekend helped lift levels on Friday and Saturday. Performance levels in Florida were also lifted by post-Hurricane Ian demand. Further analysis will be available in STR’s Market Recovery Monitor.
Among the Top 25 Markets, Orlando reported the highest occupancy increase over 2019 (+1.9% to 73.6%).
San Diego reported the largest ADR gain over 2019 (+39.3% to $216.93).
San Francisco was the only market to post an ADR drop (-17.7% to $227.56).
The steepest RevPAR declines were in San Francisco (-32.5% to $162.40) and Minneapolis (-14.5% to $84.46).
*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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