U.S. Weekly Hotel Performance Dips From the Previous Week

HENDERSONVILLE, Tennessee—U.S. lodge performance dipped from the earlier 7 days, although indexed comparisons against 2019 improved on the favorable facet of a vacation calendar change, in accordance to STR’s most recent information by July 2, 2022.

U.S. Hotel Functionality

June 26-July 2, 2022

Proportion adjust from 2019 equivalent week:
Occupancy: 67.3 % (up 2.9 per cent)
ADR: $153.32 (up 19.7 per cent)
RevPAR: $103.24 (up 23.1 per cent)

Supplied historic tendencies, the 7 days-about-week decline in need was standard provided the vacation. Because 2000, the Fourth of July or the observance of the federal holiday getaway has fallen on a Monday 7 periods, together with very last year and in 2016. In every single situation, occupancy in the week ahead of the vacation fell by extra than 4 share details with most of the losses beginning on Wednesday and continuing into the weekend. Occupancy and demand from customers are very likely to drop again for this latest 7 days right before strengthening in the remaining months of July.

Between the Top rated 25 Marketplaces, New Orleans noticed the major occupancy boost more than 2019 (up 16.5 % to 73.7 p.c). Chicago was following on the list with a 15.1 per cent obtain to 73.5 %.

Denver (85.7 percent), Oahu Island (83.4 per cent), and San Diego (81.9 p.c) led the important marketplaces in complete occupancy for the week.

Miami described the biggest occupancy lessen from 2019 (down 9.8 % to 65.7 p.c).

Chicago posted the major ADR achieve about 2019 (up 49. p.c to $170.00).

Mostly mainly because of ADR boosts, each of the Leading 25 Markets saw RevPAR bigger than the comparable week of 2019.