This week in Hospitality & Tourism #20 2022

Restaurants’ share of food dollar grows to record 54.9% in April

Restaurants continued to increase their share of spending in April, reaching 54.9% of the food dollar, according to U.S. Census data released Tuesday.

That was a 260-basis-point increase from April last year, when the share was 52.3%, said analyst Mark Kalinowski, president and CEO of New Jersey-based Kalinowski Equity Research LLC.

Lodging Econometrics’ Select Market Projections for 2022 and 2023

Lodging Econometrics (LE) analyzed several selected markets in the U.S. and their projected hotel openings over the next two years. As we have seen in late ’21 and so far in ’22, previously on-hold new hotel projects are moving forward to fruition. As a result, we expect to see an increase in new hotel openings over the next couple of years.

STR: U.S. hotel results for week ending 14 May

U.S. hotel performance improved from the previous week, according to STR‘s latest data through 14 May.

• Among the Top 25 Markets, Phoenix saw the highest occupancy increase over 2019 (+4.5% to 73.8%).
• Philadelphia experienced the largest occupancy decrease from 2019 (-19.6% to 64.8%).
• Miami posted the highest ADR gain over 2019 (+62.8% to US$282.26).

8-14 May 2022 (percentage change from comparable week in 2019):

• Occupancy: 66.5% (-5.9%)
• Average daily rate (ADR): US$148.31 (+10.5%)
• Revenue per available room (RevPAR): US$98.59 (+4.1%)