U.S. hotel performance continued to climb with another weekly record established for revenue per available room (RevPAR) on a nominal basis, according to STR‘s latest data through 25 June.
19-25 June 2022 (percentage change from comparable week in 2019*):
Occupancy: 72.3% (-4.1%)
Average daily rate (ADR): US$157.05 (+17.1%)
Revenue per available room (RevPAR): US$113.55 (+12.3%)
The country’s occupancy level was the highest since August 2019, while ADR (nominal) was the highest since the week ending 1 January 2022.
Among the Top 25 Markets, Dallas saw the largest occupancy increase over 2019 (+5.8% to 74.1%).
New York City (87.0%), Seattle (85.9%) and San Diego (85.6%) led the major markets in absolute occupancy for the week.
Philadelphia reported the largest occupancy decrease from 2019 (-20.1% to 67.3%).
Miami posted the largest ADR gain over 2019 (+37.9% to US$207.00).
The steepest RevPAR deficits were in San Francisco (-21.4% to US$162.70) and Philadelphia (-21.0% to US$102.51).
*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 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.