by Calculated Risk on 8/04/2022 03:37:00 PM
U.S. hotel performance dipped slightly from the previous week, which was the traditional summer travel peak, according to STR‘s latest data through July 30.
July 24-30, 2022 (percentage change from comparable week in 2019*):
• Occupancy: 71.9% (-3.8%)
• Average daily rate (ADR): $158.32 (+18.3%)
• Revenue per available room (RevPAR): $113.90 (+13.9%)
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
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).
Note: Y-axis doesn’t start at zero to better show the seasonal change.
The 4-week average of the occupancy rate will peak in seasonally in a few weeks.
Image and article originally from www.calculatedriskblog.com. Read the original article here.