performance metrics
STR: U.S. Hotel Results for Week Ending 13 August
STR | August 18, 2022
HENDERSONVILLE, Tennessee—Showing continued alignment with seasonal patterns, U.S. hotel performance fell slightly from the previous week, but showed improved comparisons with 2019, according to STR‘s latest data through 13 August. 7-13 August 2022 (percentage change from comparable week in 2019*): Occupancy: 68.5% (-4.6%) Average daily rate (ADR): US$152.34 (+15.8%) Revenue per available room (RevPAR): US$104.30 (+10.5%) Norfolk/Virginia Beach (+0.4% to 80.1%) was the only Top 25 Market to report an occupancy increase over 2019. Seattle (83.2%), Oahu Island (81.8%), and Norfolk/Virginia Beach (80.1%) led the...
Canadian Lodging Outlook Quarterly 2022-Q2
August 15, 2022
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. Source: STR Source: STR If you would like detailed hotel performance data for all of Canada, STR offers the Canadian Hotel Review, which is available by annual subscription. For further Information, please contact: [email protected] or +1 (615) 824-8664 ext. 3504. HVS Canada performs major portfolio appraisals and single-asset consulting assignments and valuations from coast to coast. Our professional team is exp...
STR, TE Lift ADR Projections Further in Revised U.S. Hotel Forecast
STR | August 11, 2022
NASHVILLE—STR and Tourism Economics adjusted occupancy downward but lifted projections once again for average daily rate (ADR) in the revised U.S. hotel forecast just presented at the 14th Annual Hotel Data Conference. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted for inflation. The updated forecast adds a little more than $2 to the ADR projection for both 2022 and 2023. Occupancy was lowered by less than a percentage point for each year. “Leisure demand, as expected, hit significant levels this summer, and what we are hearing in earnings call...
STR: U.S. Hotel Results for Week Ending 6 August
STR | August 11, 2022
HENDERSONVILLE, Tennessee—Following seasonal patterns, U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 6 August. 31 July through 6 August 2022 (percentage change from comparable week in 2019*): Occupancy: 69.9% (-5.7%) Average daily rate (ADR): US$154.48 (+15.1%) Revenue per available room (RevPAR): US$108.04 (+8.5%) Among the Top 25 Markets, St. Louis reported the largest occupancy increase over 2019 (+7.1% to 75.9%). Oahu Island (84.6%), Seattle (84.8%), and San Diego (83.8%) led the major markets in absolute occupancy for the week. San Diego posted t...
Canada Hotels Post Best Performance of the Pandemic-Era
STR | July 28, 2022
HENDERSONVILLE, Tennessee—Canada’s hotel performance was the highest of the pandemic-era, with monthly hotel room rates reaching an all-time high, according to STR’s June 2022 data. June 2022 (percentage change from June 2019) Occupancy: 71.7% (-2.8%) Average daily rate (ADR): CAD197.87 (+8.8%) Revenue per available room (RevPAR): CAD141.97 (+5.7%) In addition to the highest ADR level on record, the June RevPAR level was the country’s highest since August 2019, while occupancy was its highest since September 2019. “June was an exceptional month for Canada hotels, with RevPAR exceeding 2019 levels for the first t...
STR: U.S. Hotel Results for Week Ending 23 July
STR | July 28, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according to STR‘s latest data through 23 July. 17-23 July 2022 (percentage change from comparable week in 2019*): Occupancy: 72.8% (-6.0%) Average daily rate (ADR): US$158.79 (+16.4%) Revenue per available room (RevPAR): US$115.59 (+9.3%) In addition to the weekly RevPAR level, occupancy was the highest since early August 2019. Among the Top 25 Markets, Orlando reported the only occupancy increase over 2019 (+2.2% to 81.8%). San Diego (87.1%),...
U.S. Leisure Markets Maintain Summer Strength While Some Major Cities Make a Push as Well
July 26, 2022
While the calendar shows that the summer of 2022 is pushing toward its conclusion, travel season remains in high gear around the U.S. Aligned with that season, the latest four-week “bubble” charts from STR show that leisure-oriented travel remains the predominant force behind the top performing U.S. hotel markets. For the four-week period ending with 16 July, Oahu led the Top 25 Markets in average occupancy (84.2%) with a conspicuous boost during the Fourth of July holiday—the same period when most markets saw expected and significant demand declines. Oahu’s recent four-week occupancy also gained 9.3 percentage points ove...
STR: U.S. Hotel Results for Week Ending 16 July
STR | July 21, 2022
HENDERSONVILLE, Tennessee—After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week, according to STR‘s latest data through 16 July. 10-16 July 2022 (percentage change from comparable week in 2019*): Occupancy: 72.0% (-7.4%) Average daily rate (ADR): US$157.23 (+14.9%) Revenue per available room (RevPAR): US$113.28 (+6.4%) Among the Top 25 Markets, San Diego reported the only occupancy increase over 2019 (+1.0% to 89.9%). San Diego (89.9%), Oahu Island (87.2%) and Seattle (85.8%) led the major markets in absolute occupancy for th...
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