Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 June.
29 May through 4 June 2022 (percentage change from comparable week in 2019*):
- Occupancy: 63.2% (-12.1%)
- Average daily rate (ADR): US$147.35 (+11.3%)
- Revenue per available room (RevPAR): US$93.16 (-2.2%)
While none of the Top 25 Markets showed an occupancy increase over 2019, Orlando came closest to its pre-pandemic comparable (-2.5% to 68.9%).
San Francisco (-25.5% to 63.3%) and Minneapolis (-25.5% to 55.7%) matched for the largest occupancy decrease from 2019. The markets also reported the steepest RevPAR declines, -42.6% and -29.7%, respectively.
Miami posted the largest ADR gain over 2019 (+37.8% to US$209.55)
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
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