STR: U.S. Hotel Results for Week Ending 18 June
STR | June 23, 2022
HENDERSONVILLE, Tennessee—U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June. 12-18 June 2022 (percentage change from comparable week in 2019*): Occupancy: 71.8% (-4.8%) Average daily rate (ADR): US$155.02 (+14.9%) Revenue per available room (RevPAR): US$111.29 (+9.4%) The occupancy level was the highest of the pandemic-era thanks to the country’s highest weekly demand (28 million room nights sold) since August 2019. While occupancy was up, the occupancy comparison with 2019 softened slightly from the w...
From Sea to Shining Sea: AAA Predicts 47.9 Million People Will Travel This July 4th
AAA | June 22, 2022
Car travel expected to set a new record despite the historically high gas prices ORLANDO, Fla. (Jun 22, 2022) – Summer travel is already in full swing and Independence Day will be no exception as AAA predicts 47.9 million people will travel 50 miles or more from home over the holiday weekend (June 30 – July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019. The biggest surprise – car travel – will set a new record despite historically high gas prices with 42 million people hitting the road. With crowded roads and busy airports, AAA wants to prepare travelers so they can have a stress-fr...
STR: U.S. Hotel Performance for May 2022
STR | June 21, 2022
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR. May 2022 (percentage change from May 2019): Occupancy: 65.1% (-5.0%) Average daily rate (ADR): US$149.91 (+13.4%) Revenue per available room (RevPAR): US$97.53 (+7.7%) The country’s occupancy and RevPAR levels decreased slightly from April, while ADR remained relatively flat. Among the Top 25 Markets, New York City experienced the highest occupancy level (80.6%), which was down 9.7% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month inc...
STR: Jeddah Hotels Reported Highest Performance Since September 2019
STR | June 17, 2022
LONDON—Jeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR. Occupancy: 64.4% Average daily rate (ADR): SAR901.40 Revenue per available room (RevPAR): SAR580.62 While the highest since September 2019, each of the key performance levels came in lower than the pre-pandemic comparables from May 2019: occupancy (-6.4%), ADR (-29.4%) and RevPAR (-33.9%). All of STR’s COVID-19 analysis can be found here....
STR: Berlin Hotels Post Best Performance Since Late 2019
STR | June 17, 2022
LONDON—Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was the highest in the market since November 2019 but still came in 6.7% lower than the pre-pandemic comparable (May 2019). The absolute ADR and RevPAR levels exceeded 2019 comparables and were the highest in the market since September 2019. All of STR’s COVID-19 analysis can be found here....
STR: U.S. Hotel Results for Week Ending 11 June
STR | June 17, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June. 5-11 June 2022 (percentage change from comparable week in 2019*): Occupancy: 70.6% (-4.1%) Average daily rate (ADR): US$155.37 (+15.4%) Revenue per available room (RevPAR): US$109.76 (+10.7%) In addition to the weekly RevPAR record, the ADR and occupancy levels were the second and third highest of the pandemic-era, respectively. In aggregate, the Top 25 Markets posted their highest metrics since th...
ITA Data Release: April 2022 International Inbound Visitor Spending
International Trade Administration | June 17, 2022
Data recently released by the National Travel and Tourism Office (NTTO) show that in April 2022: International visitors spent $12.7 billion on travel to, and tourism-related activities within, the United States, an increase of 136 percent compared to April 2021. Americans spent $10.9 billion traveling abroad, yielding a balance of trade surplus of $1.8 billion for the month—the sixth consecutive month during which the United States enjoyed a balance of trade surplus for travel and tourism. For the first time since February 2020, 'Travel Receipts' accounted for more than half (54%) of total travel exports. April marked the h...
STR: Sydney’s Hotel Industry Showed Steady Occupancy Levels in May
STR | June 16, 2022
LONDON—Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR. Occupancy: 65.1% Average daily rate (ADR): AUD233.96 Revenue per available room (RevPAR): AUD152.32 When looking at daily data, Tuesday and Wednesday occupancy levels hovered between 65% and 75% and outperformed most Saturdays, which shows an increase in business demand. The highest daily occupancy level for the month (82.8%) came on 28 May, the first Saturday of Vivid Sydney 2022. The event also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior. ...
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