US Hotel Performance Up for Week Ended September 17
September 22, 2022 | Drew Wilson | S&P Global Market Intelligence
Performance data for U.S. hotels for the week ended Sept. 22 was higher across three key measurements compared to the previous week, according to STR, which tracks the hospitality industry.
Occupancy was 69.6%, up from 61.7% the previous week, followed by increases in the average daily rate and revenue per available room.
U.S. hotels also showed improvement from the comparable period in 2019, with ADR up 15.6% to $155.58 and RevPAR up 12.9% to $108.25. Occupancy, however, was down 2.4%.
STR is measuring recovery against comparable time periods from 2019 due to the pandemic.
Of the top 25 markets, Norfolk/Virginia Beach, Va., reported 70.9% occupancy, representing a 6.6% increase, the highest compared to the similar period in 2019. The largest ADR increase was seen in Miami, up 30.7% to $177.10.
San Francisco and Houston had the largest decreases in RevPAR, down 23.1% and 13.0% to $203.27 and $63.58, respectively.
