US hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR‘s latest data through 10 December.
4-10 December 2022 (percentage change from comparable week in 2019*):
- Occupancy: 59.6% (-1.2%)
- Average daily rate (ADR): US$144.79 (+15.4%)
- Revenue per available room (RevPAR): US$86.29 (+14.0%)
Among the Top 25 Markets, Tampa reported the highest occupancy increase over 2019 (+10.2% to 80.1%).
Of note, New York City achieved the highest occupancy level (90.2%).
New Orleans posted the highest ADR (+57.3% to US$202.67) and RevPAR (+63.8% to US$136.92) increases over 2019.
San Francisco was the only market to report an ADR decrease over 2019 (-16.3% to US$215.44).
The largest RevPAR decreases were seen in San Francisco (-35.3% to US$147.60) and Minneapolis (-8.7% to US$57.45).
*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 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