by Calculated Risk on 7/29/2022 10:26:00 AM
U.S. hotel performance increased from the previous week, according to STR‘s latest data through July 23.
July 17-23, 2022 (percentage change from comparable week in 2019*):
• Occupancy: 72.8% (-6.0%)
• Average daily rate (ADR): $158.79 (+16.4%)
• Revenue per available room (RevPAR): $115.59 (+9.3%)
*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.