U.S. hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through 17 September.
11-17 September 2022 (percentage change from comparable week in 2019*):
- Occupancy: 69.6% (-2.4%)
- Average daily rate (ADR): US$155.58 (+15.6%)
- Revenue per available room (RevPAR): US$108.25 (+12.9%)
Among the Top 25 Markets, Norfolk/Virginia Beach reported the highest occupancy increase over 2019 (+6.6% to 70.9%).
Miami reported the largest ADR gain over 2019 (+30.7% to US$177.10).
The steepest RevPAR declines were in San Francisco (-23.1% to US$203.27) and Houston (-13.0% to US$63.58).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.