The weekly occupancy level was the highest since the week ending 7 August 2021, while ADR was the second highest for any week on record.
Lifted by Spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through 19 March.
13-19 March 2022 (percentage change from comparable week in 2019*):
- Occupancy: 66.9% (-3.7%)
- Average daily rate (ADR): US$151.63 (+13.6%)
- Revenue per available room (RevPAR): US$101.44 (+9.5%)
The weekly occupancy level was the highest since the week ending 7 August 2021, while ADR was the second highest for any week on record.
Among the Top 25 Markets, Miami showed the largest increase over 2019 in each of the three key performance metrics: occupancy (+3.1% to 87.8%), ADR (+39.2% to US$348.95) and RevPAR (+43.5% to US$306.49).
San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-29.9% to 60.2%).
The steepest RevPAR deficits were in San Francisco/San Mateo (-54.2% to US$107.11) and Washington, D.C. (-24.5% to US$93.23).
*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 global hospitality sectors. 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.