Latest News

Hotels: Occupancy Rate Down 4.6% Compared to Same Week in 2019

0

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 Aug. 13.

Aug. 7-13, 2022 (percentage change from comparable week in 2019*):

• Occupancy: 68.5% (-4.6%)
• Average daily rate (ADR): $152.34 (+15.8%)
• Revenue per available room (RevPAR): $104.30 (+10.5%)

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
emphasis addedThe following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.

Click on graph for larger image.

The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021.  Dashed purple is 2019 (STR is comparing to a strong year for hotels).

The 4-week average of the occupancy rate is just below the median rate for the previous 20 years (Blue).

Note: Y-axis doesn’t start at zero to better show the seasonal change.
The 4-week average of the occupancy rate has peaked seasonally and will now decline into the Fall.

How to Prepare for a Stock Market Pullback Now

Previous article

Q3 GDP Forecasts: Around 1%

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News