Finance & DevelopmentFinanceSTR: Overall U.S. Hotel Performance Shows Improvements

STR: Overall U.S. Hotel Performance Shows Improvements

HENDERSONVILLE, Tennessee — U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR’s latest data through November 12, 2022.

U.S. Hotel Performance

November 6-12, 2022

Percentage change from comparable week in 2019:
Occupancy: 64.6 percent (up 0.9 percent)
ADR: $148.43 (up 17.1 percent)
RevPAR: $95.89 (up 18.2 percent)

Among the Top 25 Markets, Norfolk/Virginia Beach reported the largest occupancy increase over 2019 (up 14.3 percent to 63.6 percent).

San Diego posted the largest ADR increase over 2019 (up 35.2 percent to $202.86).

The steepest RevPAR declines were in San Francisco (down 26.7 percent to $154.46) and Minneapolis (down 16.3 percent to $68.41).

RELATED ARTICLES

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...

Hunter Hotel Advisors Brokers Sale of Residence Inn Detroit Novi

ATLANTA, Georgia—Hunter Hotel Advisors (Hunter) announced the successful sale of the 107-key Residence Inn Detroit Novi. Spark GHC purchased the property from an institutional...

PMZ Realty Capital Arranges Loan for Hampton Inn Marysville

PMZ Realty Capital LLC announced that it has secured a $5.3 million loan for the Hampton Inn Marysville, located in Marysville, Ohio. The loan...

LivAway Suites Breaks Ground on New Property in Tucson, Arizona

SALT LAKE CITY, Utah—LivAway Suites announced the groundbreaking of its newest property in Tucson, Arizona, which marks its fourth in the state over the...