US hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May.
1-7 May 2022 (percentage change from comparable week in 2019*):
- Occupancy: 63.9% (-6.1%)
- Average daily rate (ADR): US$147.24 (+12.0%)
- Revenue per available room (RevPAR): US$94.10 (+5.1%)
Among the Top 25 Markets, San Diego saw the highest occupancy increase over 2019 (+5.6% to 74.5%).
Chicago experienced the largest occupancy decrease from 2019 (-22.2% to 59.2%).
The steepest RevPAR deficits were in San Francisco (-29.1% to US$142.60) and Philadelphia (-26.7% to US$89.06).
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 www.str.com
