U.S. hotel performance dipped slightly from the previous week, which was the traditional summer travel peak, according to STR‘s latest data through July 30.
July 24-30, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 71.9% (-3.8%)
- Average daily rate (ADR): $158.32 (+18.3%)
- Revenue per available room (RevPAR): $113.90 (+13.9%)
While absolute levels were lower than the week prior, comparisons against 2019 levels strengthened.
Among the Top 25 Markets, Nashville reported the largest occupancy increase over 2019 (+4.2% to 77.8%).
San Diego (87.4%), Boston (85.5%), and Oahu Island (85.3%) led the major markets in absolute occupancy for the week.
San Diego posted the largest ADR gain over 2019 (+33.5% to $259.01).
The steepest RevPAR deficit was in St. Louis (-22.2% to $74.33).
*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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