U.S. hotel results for week ending 2 April


Reflecting continued seasonal slowing in spring break travel, U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 2 April.

27 March through 2 April 2022 (percentage change from comparable week in 2019*):

  • Occupancy: 64.1% (-6.4%)
  • Average daily rate (ADR): US$145.74 (+11.7%)
  • Revenue per available room (RevPAR): US$93.48 (+4.5%)
Source: STRSource: STR
Source: STR

Among the Top 25 Markets, Phoenix saw the only occupancy increase over 2019 (+0.2% to 79.9%).

Minneapolis

experienced the largest occupancy decrease from 2019 (-23.9% to 51.3%).

Lifted by the NCAA Men’s Final Four, New Orleans posted the largest ADR increase over 2019 (+43.1% to US$237.69).

The steepest RevPAR deficits were in Minneapolis (-40.6% to US$63.07) and San Francisco/San Mateo (-37.1% to US$106.88).

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Markets & PerformanceUnited States



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *