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Hotels: Occupancy Rate Down 4.1% Compared to Same Week in 2019

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by Calculated Risk on 6/30/2022 01:43:00 PM

U.S. hotel performance continued to climb with another weekly record established for revenue per available room (RevPAR) on a nominal basis, according to STR’s latest data through 25 June.

June 19-25, 2022 (percentage change from comparable week in 2019*):

o Occupancy: 72.3% (-4.1%)
o Average daily rate (ADR): $157.05 (+17.1%)
o Revenue per available room (RevPAR): $113.55 (+12.3%)

*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).

The 4-week average of the occupancy rate is at the median rate for the previous 20 years (Blue).

Note: Y-axis doesn’t start at zero to better show the seasonal change.
The 4-week average of the occupancy rate will increase seasonally over the next couple of months.

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