After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week, according to STR‘s latest data through July 16.
July 10-16, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 72.0% (-7.4%)
- Average daily rate (ADR): US$157.23 (+14.9%)
- Revenue per available room (RevPAR): US$113.28 (+6.4%)
Among the Top 25 Markets, San Diego reported the only occupancy increase over 2019 (+1.0% to 89.9%).
San Diego (89.9%), Oahu Island (87.2%) and Seattle (85.8%) led the major markets in absolute occupancy for the week.
Miami posted the largest ADR gain over 2019 (+29.9% to $204.15).
San Francisco was the only market to report an ADR decrease compared to 2019 (-4.1% to $229.24).
The steepest RevPAR deficits were in San Francisco (-20.7% to $168.69) and Minneapolis (-15.5% to $100.84).
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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