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by Calculated Risk on 8/18/2022 02:50:00 PM
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 added
The 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).
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.
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Image and article originally from www.calculatedriskblog.com. Read the original article here.