This week in Hospitality & Tourism #52 2022
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STR: U.S. hotel results for week ending 24 December
U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019 on the unfavorable side of a holiday calendar shift, according to STR‘s latest data through 24 December. At the same time, occupancy on the 24th was the highest for any Christmas Eve on record.
- Christmas Eve occupancy came in at 43.6%, which topped the previous high established in 2021.
- Among the Top 25 Markets, Houston reported the highest occupancy increase over 2019 (+3.4% to 43.1%).
- Seattle posted the highest ADR lift over 2019 (+19.7% to US$130.07).
- Miami saw the steepest ADR (-26.2% to US$225.08) and RevPAR (-42.4% to US$138.19) declines from 2019.
18-24 December 2022 (percentage change from comparable week in 2019):
- Occupancy: 43.9% (-9.7%)
- Average daily rate (ADR): US$132.29 (2.3%)
- Revenue per available room (RevPAR): US$58.04 (-7.6%)