performance metrics
Labor Day Strength Pushes NYC Into Top 25 RevPAR Lead, Leisure Markets Dominated Everywhere Else
STR | September 23, 2022
For this edition of STR’s U.S. “bubble” chart update, we returned the focus to revenue per available room (RevPAR), a core indicator of the general financial health of hotel markets. For the four weeks ending 10 September, there was an expected seasonal softening from the mid-summer travel peak. In fact, only six of the 165 STR-defined U.S. markets saw month-over-month RevPAR increases for the period, which included the Labor Day holiday. That holiday typically produces major decreases in industry demand—especially weekday business travel—as well as marks an informal end to summer travel. Among the U.S. Top 25 Markets, ...
STR: U.S. Hotel Performance for August 2022
STR | September 20, 2022
HENDERSONVILLE, Tennessee—Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to August 2022 data from STR. August 2022 (percentage change from August 2019): Occupancy: 66.5% (-6.7%) Average daily rate (ADR): US$151.49 (+14.0%) Revenue per available room (RevPAR): US$100.67 (+6.3%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (81.6%), which was down 8.3% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included New Orleans (47.3%) and Houston (55.3%). New Orleans reported the steepest...
STR: London Hotel Rates Exceeded Pre-Pandemic Levels in July
STR | September 13, 2022
LONDON – London’s hotel room rates came in higher than the pre-pandemic comparable, according to preliminary August 2022 data from STR. Occupancy: 77.1% Average daily rate (ADR): GBP179.49 Revenue per available room (RevPAR): GBP138.37 Following seasonal patterns, each of the key performance metrics fell from July. Both the ADR and RevPAR levels, however, surpassed the pre-pandemic comparable, +19.4% and +6.9%, respectively. Occupancy remained 10.5% below August 2019. When looking at daily data, the market’s occupancy levels were above 60%, with Saturdays showing the highest levels in the metric. The highest daily o...
STR: U.S. Hotel Results for Week Ending 3 September
STR | September 9, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance dipped from the previous week but continued to improve in comparison with 2019, according to STR‘s latest data through 3 September. 28 August through 3 September 2022 (percentage change from comparable week in 2019*): Occupancy: 62.8% (+3.1%) Average daily rate (ADR): US$147.14 (+20.9%) Revenue per available room (RevPAR): US$92.45 (+24.6%) Among the Top 25 Markets, Miami reported the largest increase over 2019 in occupancy (+30.1% to 62.2%) and RevPAR (+86.5% to US$112.37). San Diego reported the largest ADR gain over 2019 (+50.1% to US$222.47). San Francisco...
STR: U.S. Hotel Results for Week Ending 27 August
STR | September 1, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance came in lower than the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through 27 August. 21-27 August 2022 (percentage change from comparable week in 2019*): Occupancy: 65.0% (-2.5%) Average daily rate (ADR): US$147.16 (+15.0%) Revenue per available room (RevPAR): US$95.62 (+12.1%) Among the Top 25 Markets, Orlando reported the largest occupancy increase over 2019 (+21.1% to 63.8%). Miami posted the largest ADR gain over 2019 (+32.2% to US$180.17). The steepest RevPAR deficits were in San Francisco (-39.2% to US$143.37) ...
STR: U.S. Hotel Results for Week Ending 20 August
STR | August 26, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance came in lower than the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 20 August. 14-20 August 2022 (percentage change from comparable week in 2019*): Occupancy: 67.3% (-3.9%) Average daily rate (ADR): US$150.96 (+16.7%) Revenue per available room (RevPAR): US$101.59 (+12.2%) While none of the Top 25 Markets showed an occupancy increase over 2019, Detroit came closest to its pre-pandemic comparable (-2.5% to 68.0%). Miami posted the largest ADR gain over 2019 (+33.4% to US$189.57). The steepest RevPAR deficit was...
STR: Canada Hotel Occupancy Eclipsed Pre-Pandemic Comparable in July
STR | August 25, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel occupancy came in higher than the 2019 comparable for the first time in the pandemic era, according to STR’s July 2022 data. July 2022 (percentage change from July 2019) Occupancy: 75.5% (+0.3%) Average daily rate (ADR): CAD214.77 (+16.1%) Revenue per available room (RevPAR): CAD162.11 (+16.4%) In addition to the improvement in occupancy, monthly ADR topped CAD200 for the first time on record, and RevPAR was at an all-time high. When adjusted for inflation, ADR was also up from 2019 for the first time. "Canada's hotel industry reached a number of recovery milestones i...
STR: U.S. Hotel Performance for July 2022
STR | August 19, 2022
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported record-high monthly room rates on a nominal basis, according to July 2022 data from STR. July 2022 (percentage change from June 2019): Occupancy: 69.6% (-5.4%) Average daily rate (ADR): US$159.08 (+17.5%) Revenue per available room (RevPAR): US$110.73 (+11.2%) The country also reported an all-time high RevPAR level (nominal), while occupancy was the second highest since August 2019. Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (86.3%), which was down 2.1% from the market’s 2019 benchmark. Markets with the lowest occupancy ...
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