U.S. hotel performance dipped slightly from the previous week, according to STR‘s latest data through May 28.
May 22-28, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 66.5% (+3.2%)
- Average daily rate (ADR): $151.73 (+22.2%)
- Revenue per available room (RevPAR): $100.97 (+26.2%)
Among the Top 25 Markets, Phoenix saw the highest performance increases over 2019: occupancy (+19.6% to 69.9%), ADR (+50.8% to $149.06) and RevPAR (+80.4% to $104.14).
San Francisco experienced the only double-digit occupancy decrease from 2019 (-13.7% to 69.3%). The market also reported the only RevPAR decline over 2019 (-16.5% to $141.21).
*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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