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.
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 has peaked seasonally and will now decline into the Fall.
Image and article originally from www.calculatedriskblog.com. Read the original article here.