U.S. hotel performance increased from the previous week and showed significant improvement against 2019 comparables, according to STR‘s latest data through 26 February.
20-26 February 2022 (percentage change from comparable week in 2019*):
• Occupancy: 62.2% (-4.7%)
• Average daily rate (ADR): US$143.83 (+13.1%)
• Revenue per available room (RevPAR): US$89.45 (+7.7%)
Among the Top 25 Markets, Orlando recorded the largest occupancy increase over 2019 (+6.7% to 85.9%).
San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-31.9% to 53.7%).
Helped by the South Beach Wine & Food Festival, Miami posted the highest ADR (+47.0% to US$365.64) and RevPAR (+55.1% to US$325.36) increases over 2019.
The steepest RevPAR deficits were in San Francisco/San Mateo (-52.6% to US$87.68) and Washington, D.C. (-45.7% to US$61.61).
*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.