Hotel permormance in the US consolidates for the end of the year

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Hotel permormance in the US consolidates for the end of the year
Source: IHG
October 31, 2022

According to a STR report, between October 15 and 22 there has been an improvement in the figures compared to the same period in 2019

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.


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