Home Hospitality U.S. Hotel Performance, RevPAR, and Occupancy Improve

U.S. Hotel Performance, RevPAR, and Occupancy Improve


HENDERSONVILLE, Tennessee—U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according to STR’s latest data through July 23, 2022.

U.S. Hotel Performance

July 17-23, 2022

Percentage change from 2019 comparable week:
Occupancy: 72.8 percent (down 6.0 percent)
ADR: $158.79 (up 16.4 percent)
RevPAR: $115.59 (up 9.3 percent)

In addition to the weekly RevPAR level, occupancy was the highest since early August 2019.

Among the Top 25 Markets, Orlando reported the only occupancy increase over 2019 (up 2.2 percent to 81.8 percent).

San Diego (87.1 percent), Oahu Island (86.2 percent), and Seattle (85.7 percent) led the major markets in absolute occupancy for the week.

San Diego posted the largest ADR gain over 2019 (up 40.5 percent to $286.50).

San Francisco was the only market to report an ADR decrease compared to 2019 (down 5.6 percent to $225.61).

The steepest RevPAR deficits were in San Francisco (down 20.5 percent to $170.99) and Washington, D.C. (down 12.3 percent to $108.33).



Source link

Previous articleMarco’s Pizza Expanding Throughout Charleston to Meet the Demand of Local Pizza Lovers
Next articleDare to Excel Program to Showcase Fazoli’s Team Members’ Talent and Dedication