This week in Hospitality & Tourism #27 2022

STR: U.S. hotel results for week ending 2 July

U.S. hotel performance dipped from the previous week, while indexed comparisons against 2019 improved on the favorable side of a holiday calendar shift, according to STR‘s latest data through 2 July.

• Among the Top 25 Markets, New Orleans saw the largest occupancy increase over 2019 (+16.5% to 73.7%). Chicago was next on the list with a 15.1% gain to 73.5%.
• Denver (85.7%), Oahu Island (83.4%) and San Diego (81.9%) led the major markets in absolute occupancy for the week.
• Miami reported the largest occupancy decrease from 2019 (-9.8% to 65.7%).
• Chicago posted the largest ADR gain over 2019 (+49.0% to US$170.00).
• Largely because of ADR increases, each of the Top 25 Markets saw RevPAR higher than the comparable week of 2019.

26 June-2 July 2022 (percentage change from comparable week in 2019):

• Occupancy: 67.3% (+2.9%)
• Average daily rate (ADR): US$153.32 (+19.7%)
• Revenue per available room (RevPAR): US$103.24 (+23.1%)