by Calculated Risk on 9/22/2022 12:32:00 PM
From CoStar: STR: US Hotel Performance Improves; Occupancy Nears 70% Nationwide 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 following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
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).
The 4-week average of the occupancy rate is above the median rate for the previous 20