As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through 5 November.
30 October through 5 November 2022 (percentage change from comparable week in 2019*):
- Occupancy: 62.4% (-9.2%)
- Average daily rate (ADR): US$147.48 (+11.4%)
- Revenue per available room (RevPAR): US$91.99 (+1.1%)
While none of the Top 25 Markets showed an occupancy increase over 2019, Tampa came closest to its pre-pandemic comparable (-1.0% to 72.4%).
Miami posted the largest ADR increase over 2019 (+37.9% to US$249.69).
The steepest RevPAR declines were in San Francisco (-32.8% to US$143.60) and Washington, D.C. (-23.3% to US$110.09).
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.