U.S. hotel performance increased slightly from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through Jan. 29.
Jan. 23-29, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 49.7% (-12.2%)
- Average daily rate (ADR): $122.40 (-1.9%)
- Revenue per available room (RevPAR): $60.82 (-13.9%)
Among the Top 25 Markets, Norfolk/Virginia Beach recorded the only occupancy increase (+2.0% to 46.6%) and the highest RevPAR gain (+15.2% to $41.15) over 2019.
San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-41.3% to 42.4%).
Miami posted the highest ADR increase over 2019 (+14.8% to $273.88).
The steepest RevPAR deficits were in San Francisco/San Mateo (-56.3% to $69.29) and Atlanta (-55.5% to $62.16).
*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.
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.