US hotel industry poised to reach pre-pandemic levels

0
93

According to the latest STR report, occupancy from February 20 to 26 was 62.2%, -4.7% compared to the same period in 2019

US hotel performance increased from the previous week and showed significant improvement compared to 2019 peers, according to the latest STR data through Feb. 26.  

February 20-26, 2022 (percent change from comparable week in 2019*):

Occupancy: 62.2% (-4.7%)
Average Daily Rate (ADR): $143.83 (+13.1%)
Revenue Per Available Room (RevPAR): $89.45 (+7.7%)

Among the top 25 markets, Orlando saw the largest occupancy increase during 2019 (+6.7% to 85.9%).

San Francisco/San Mateo experienced the largest occupancy decline since 2019 (-31.9% to 53.7%).

With the help of the South Beach Wine & Food Festival, Miami posted the highest increases in ADR (+47.0% to $365.64) and RevPAR (+55.1% to $325.36) during 2019.

The largest RevPAR shortfalls were in San Francisco/San Mateo (-52.6% to $87.68) and Washington, DC (-45.7% to $61.61).

*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 73,000 properties and 9.6 million rooms worldwide. Members of the media should refer to the contacts listed below to request additional data.