HENDERSONVILLE, Tennessee—As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through 1 October.
25 September through 1 October 2022 (percentage change from comparable week in 2019*):
- Occupancy: 66.4% (-2.4%)
- Average daily rate (ADR): US$149.71 (+15.7%)
- Revenue per available room (RevPAR): US$99.36 (+12.9%)
In addition to the Rosh Hashanah impact on business travel and groups in the major markets, there were demand shifts in the southeast region due to Hurricane Ian. Further analysis can be found in STR’s Market Recovery Monitor.
Among the Top 25 Markets, Phoenix reported the highest occupancy increase over 2019 (+7.5% to 69.7%).
San Diego reported the largest ADR gain over 2019 (+29.8% to US$203.71).
San Francisco was the only market to post an ADR drop (-2.8% to US$234.73).
The steepest RevPAR declines were in San Francisco (-14.1% to US$176.63) and Minneapolis (-10.0% to US$79.76).
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 75,000 properties and 10 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
North America Media Contact
Haley Luther
Communications Manager
hluther@str.com
+1 (216) 278 0627
General Media Inbox:
media@str.com
0 Comments