US hotel rates remain close to pre-pandemic levels
Hotel performance in the United States remained relatively stable compared to the previous week, according to the latest data from STR through January 22.
January 16-22, 2022 (percentage change from comparable week in 2019*):
- Occupancy: 48.7% (-15.9%)
- Average Daily Rate (ADR): $122.17 (-1.4%)
- Revenue per available room (RevPAR): $59.52 (-17.1%)
While none of the top 25 markets saw an occupancy increase over 2019, Tampa edged closer to its pre-pandemic comparable (-1.7% to 72.1%). The market also saw the biggest increase in ADR (+14.0% to $151.74) and the only increase in RevPAR compared to 2019 (+12.0% to $109.39).
San Francisco/San Mateo saw the largest decline in occupancy compared to 2019 (-46.5% to 39.3%).
The largest RevPAR shortfalls were seen in San Francisco/San Mateo (-66.7% to $61.46) and Anaheim/Santa Ana (-48.6% to $68.64).
*Due to the impact of the pandemic, STR measures the recovery against comparable periods from 2019.
STR provides premium benchmarking data, analysis and market intelligence for the global hospitality industry. Founded in 1985, STR operates in 15 countries with North American headquarters in Hendersonville, Tennessee, international headquarters in London, and Asia-Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of online commercial real estate information, analysis and marketplaces. For more information, please visit str.com and costargroup.com.
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