This week in Hospitality & Tourism #50 2022
-
STR: U.S. hotel results for week ending 10 December
U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR‘s latest data through 10 December.
- Among the Top 25 Markets, Tampa reported the highest occupancy increase over 2019 (+10.2% to 80.1%).
- Of note, New York City achieved the highest occupancy level (90.2%).
- New Orleans posted the highest ADR (+57.3% to US$202.67) and RevPAR (+63.8% to US$136.92) increases over 2019.
- San Francisco was the only market to report an ADR decrease over 2019 (-16.3% to US$215.44).
- The largest RevPAR decreases were seen in San Francisco (-35.3% to US$147.60) and Minneapolis (-8.7% to US$57.45).
4-10 December 2022 (percentage change from comparable week in 2019):
- Occupancy: 59.6% (-1.2%)
- Average daily rate (ADR): US$144.79 (+15.4%)
- Revenue per available room (RevPAR): US$86.29 (+14.0%)