US hotel RevPAR climbs 12.3% in week ended June 25 – STR
June 30, 2022 | Zeeshan Murtaza | S&P Global Market Intelligence
The U.S. hotel industry saw another weekly record increase in revenue per available room during the week ended June 25 as it continues to recover from the pandemic impact, according to the latest data from STR, which tracks the hospitality industry.
RevPAR jumped 12.3% to $113.55 and average daily rate surged 17.1% to $157.05, compared to the same period in 2019.
STR is measuring recovery against comparable time periods from 2019 due to the impact of the pandemic.
However, hotel occupancy, which recorded a slight increase from the previous week, was down 4.1% against the comparable week in 2019, to 72.3%.
Dallas registered the biggest increase in occupancy from the 2019 level with a 5.8% jump to 74.1%. New York City, Seattle and San Diego were the major markets with the highest absolute occupancy for the week, at 87%, 85.9% and 85.6%, respectively.
The biggest dip in occupancy compared to 2019 levels was in Philadelphia, plunging 20.1% to 67.3%, according to the report.
The largest ADR gain was recorded by Miami, climbing 37.9% to $207. San Francisco and Philadelphia posted the steepest RevPAR deficits during the week, dropping 21.4% to $162.7 and 21% to $102.51, respectively.
