U.S. weekly hotel occupancy worsened in comparison with pre-pandemic levels, according to STR‘s latest data through 15 January.
9-15 January 2022 (percentage change from comparable week in 2019*):
- Occupancy: 48.8% (-16.3%)
- Average daily rate (ADR): US$122.12 (-1.6%)
- Revenue per available room (RevPAR): US$59.57 (-17.6%)
On an absolute basis, occupancy was higher than the previous week, but the gap to 2019 levels widened, pointing to a larger impact from the Omicron variant. ADR and RevPAR were up week over week and when indexed to 2019.
While none of the Top 25 Markets recorded an occupancy increase over 2019, Norfolk/Virginia Beach came closest to its pre-pandemic comparable (-8.4% to 44.1%).
San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-53.9% to 37.3%).
Miami registered the largest ADR increase (+16.6% to US$271.21).
The steepest RevPAR deficits were in San Francisco/San Mateo (-69.6% to US$58.84) and New York City (-53.9% to US$68.93).
*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 str.com and costargroup.com.