Occupancy rate decreased by 2.4% compared to the same week in 2019

through Calculated risk on 09/22/2022 12:32:00 p.m

US hotel performance rose from the previous week, showing improved comparisons to 2019, according to STR’s latest data through September. 17

Sept. 11-17.11.2022 (percentage change compared to comparison week 2019 *):

Utilization: 69.6% (-2.4%)
• Average Daily Rate (ADR): $155.58 (+15.6%)
• Revenue per Available Room (RevPAR): $108.25 (+12.9%)

* Due to the impact of the pandemic, STR measures recovery using comparable periods from 2019.
Added emphasis

The chart below shows the seasonal pattern for hotel occupancy based on the Four-week average.

Click on the graphic for a larger image.

The red line represents 2022, black represents 2020, blue represents the median and the dashed light blue represents 2021. The dashed purple represents 2019 (STR represents a strong year for hotels).

The 4-week average occupancy is above the 20-year median (blue).

Note: The y-axis does not start at zero to better reflect seasonal changes.

The 4-week average occupancy rate will increase during the fall business travel season and then decrease into the winter.