US hotel performance declined slightly from the previous week but showed improvement in comparisons with 2019, according to the latest STR data through Oct. 22.
October 16-22, 2022 (percent change from comparable week in 2019*):
• Occupancy: 69.9% (-0.5%)
• Average Daily Rate (ADR): US$157.43 (+16.7%)
• Revenue Per Available Room (RevPAR): US$110.11 (+16, 1%)
Among the top 25 markets, Tampa reported the largest increases during 2019 in occupancy (+7.4% to 75.9%) and RevPAR (+39.2% to $117.28). Tampa has been one of the markets in Florida that has seen an increase in yield associated with post-Hurricane Ian demand.
Miami recorded the largest increase in ADRs during 2019 (+32.8% to US$221.59).
San Francisco was the only market to see an ADR decline (-8.5% to $234.06).
The steepest drops in RevPAR were in San Francisco (-22.0% to $175.30) and Minneapolis (-13.7% to $79.33).
*Due to the impact of the pandemic, STR is measuring recovery against comparable time periods from 2019.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 75,000 properties and 10 million rooms worldwide. Members of the media should refer to the contacts listed below to request additional data.