by Risk calculated on 06/10/2022 13:50:00
As expected with the Rosh Hashanah holiday, U.S. hotel performance fell from the previous week and showed mixed comparisons with 2019, according to STR’s latest data through Oct. 1.
From September 25 to October 1, 2022 (percentage change compared to the comparable week in 2019*):
• Occupancy: 66.4% (-2.4%)
• Average Daily Rate (ADR): $149.71 (+15.7%)
• Revenue per available room (RevPAR): $99.36 (+12.9%)
In addition to Rosh Hashanah’s impact on business travel and groups in major markets, there have been shifts in demand in the Southeast region due to Hurricane Ian. …
*Due to the impact of the pandemic, STR measures the recovery against comparable periods from 2019.
The following chart shows the seasonal trend of hotel occupancy using the four-week average.
Click on the graphic to enlarge the image.
The red line corresponds to 2022, the black corresponds to 2020, the blue corresponds to the median and the light blue dotted line corresponds to 2021. The purple dotted line corresponds to 2019 (STR compares to a strong year for hotels).
Note: Y axis does not start at zero to better show seasonal change.
The 4-week average occupancy rate will increase over the next few weeks during the fall business travel period, then decrease in the winter.