STR: U.S. hotel results for week ending 25 June

U.S. hotel performance continued to climb with another weekly record established for revenue per available room (RevPAR) on a nominal basis, according to STR‘s latest data through 25 June.

• The country’s occupancy level was the highest since August 2019, while ADR (nominal) was the highest since the week ending 1 January 2022.
• Dallas saw the largest occupancy increase over 2019 (+5.8% to 74.1%).
• New York City (87.0%), Seattle (85.9%) and San Diego (85.6%) led the major markets in absolute occupancy for the week.
• Miami posted the largest ADR gain over 2019 (+37.9% to US$207.00).
• The steepest RevPAR deficits were in San Francisco (-21.4% to US$162.70) and Philadelphia (-21.0% to US$102.51).
• Philadelphia reported the largest occupancy decrease from 2019 (-20.1% to 67.3%).

19-25 June 2022 (percentage change from comparable week in 2019):

• Occupancy: 72.3% (-4.1%)
• Average daily rate (ADR): US$157.05 (+17.1%)
• Revenue per available room (RevPAR): US$113.55 (+12.3%)