HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week, according to STR‘s latest data through 21 May.
15-21 May 2022 (percentage change from comparable week in 2019*):
- Occupancy: 68.6% (-3.5%)
- Average daily rate (ADR): US$151.75 (+13.4%)
- Revenue per available room (RevPAR): US$104.06 (+9.5%)
The weekly RevPAR level was the highest in the U.S. since mid-July 2019.
Among the Top 25 Markets, Miami saw the highest occupancy increase over 2019 (+4.7% to 77.5%).
Of note, New York City saw the highest occupancy level for the week (89.4%), which was helped by both the New York University and Columbia University commencement ceremonies.
Philadelphia experienced the largest occupancy decrease from 2019 (-13.2% to 69.8%).
Miami posted the highest ADR gain over 2019 (+42.4% to US$250.75).
The steepest RevPAR deficits were in San Francisco (-16.2% to US$185.38) and Philadelphia (-12.6% to US$113.97).
Overall, the Top 25 Markets saw their highest weekly occupancy, ADR and RevPAR levels of the pandemic-era.
*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 73,000 properties and 9.6 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.
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Haley Luther
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hluther@str.com
+1 (216) 278 0627
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