This week in Hospitality & Tourism #2 2022
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STR: U.S. hotel results for week ending 8 January
Reflecting post-holiday seasonality, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 8 January.
2-8 January 2022 (percentage change from comparable week in 2019):
- Occupancy: 45.4% (-14.9%)
- Average daily rate (ADR): US$119.92 (-4.8%)
- Revenue per available room (RevPAR): US$54.47 (-19.0%)
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Hotel Industry Faces Short-Term and Long-Term Disruptions With Events
While leisure travel has buoyed the hotel industry through the early stages of the recovery. However, COVID-19 cases still spiking and companies reticent to make big commitments to travel, the return of large, citywide events that drive a lot of that demand could be slower to return.
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A Review of Hotel Company Key Performance Metrics in 2021
The recovery of the hotel industry from the ongoing global pandemic can be measured by improvements to key performance metrics.