<ul>
<li>
<a href="https://www.hotelnewsresource.com/article122313.html">Business Travel Slow To Recover, but Projected To Reach 2019 Levels Next Year - CoStar</a>
Three factors are contributing to the slower recovery of business travel demand: company work-from-home policies, executives reevaluating the value of business travel and a broader economic slowdown.
<img src="/images/blogimages/2022-week-34-business-travel-chart.jpg" alt="Business Travel" width="900" height="600">
</li>
<li>
<a href="https://str.com/press-release/str-us-hotel-results-week-ending-20-august">STR: U.S. hotel results for week ending 20 August</a>
U.S. hotel performance came in lower than the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 20 August.
<ul>
<li>While none of the Top 25 Markets showed an occupancy increase over 2019, Detroit came closest to its pre-pandemic comparable (-2.5% to 68.0%).</li>
<li>Miami posted the largest ADR gain over 2019 (+33.4% to US$189.57).</li>
<li>The steepest RevPAR deficit was in San Francisco (-28.8% to US$150.51).</li>
</ul>
14-20 August 2022 (percentage change from comparable week in 2019):
<ul>
<li>Occupancy: 67.3% (-3.9%)</li>
<li>Average daily rate (ADR): US$150.96 (+16.7%)</li>
<li>Revenue per available room (RevPAR): US$101.59 (+12.2%)</li>
</ul>
<img src="/images/blogimages/2022-week-34-occupancy.png" alt="STR Occupancy Data" width="4000" height="2250">
</li>
</ul>

This week in Hospitality & Tourism #34 2022