Hotels: Occupancy Rate Down 2.4% Compared to Same Week in 2019
U.S. hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through Sept. 17.Sept. 11-17, 2022 (percentage change from comparable week in 2019*):
• Occupancy: 69.6% (-2.4%)
• Average daily rate (ADR): $155.58 (+15.6%)
• Revenue per available room (RevPAR): $108.25 (+12.9%)
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021. Dashed purple is 2019 (STR is comparing to a strong year for hotels).
Note: Y-axis doesn’t start at zero to better show the seasonal change.
The 4-week average of the occupancy rate will increase during the Fall business travel period, and then decline into the Winter.