US Hotel Occupancy Slips in Week Ended April 2
April 11, 2022 | S&P Global Market Intelligence
Hotel occupancy in the U.S. for the week ended April 2 dropped slightly from the prior week at 64.1%, according to data from STR, which tracks the hospitality industry.
The figure represents a 6.4% decline from the comparable week in 2019.
STR said it is measuring recovery against comparable time periods from 2019 due to the pandemic impact.
The average daily rate rose 11.7% to $145.74, while revenue per available room ended the week at $93.48, up 4.5% versus the same period in 2019.
Among the top 25 markets, Phoenix reported the only occupancy increase, rising 0.2%, to 79.9%.
Minneapolis logged the biggest drop in occupancy at 51.3%, down 23.9% from the comparable 2019 period.
New Orleans experienced the highest ADR growth from the 2019 period, up 43.1% to $237.69 due to the NCAA Men’s Final Four.
The largest RevPAR deficits were posted by Minneapolis, down 40.6% to $63.07, and San Francisco/San Mateo, falling 37.1% to $106.88.
