Finance & DevelopmentFinanceSTR: U.S. Weekly Hotel Performance Drops

STR: U.S. Weekly Hotel Performance Drops

HENDERSONVILLE, Tennessee—As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisons with 2019, according to STR’s latest data through October 1, 2022.

U.S. Hotel Performance

September 25-October 1, 2022

Percentage change from comparable week in 2019:
Occupancy: 66.4 percent (down 2.4 percent)
ADR: $149.71 (up 15.7 percent)
RevPAR: $99.36 (up 12.9 percent)

In addition to the Rosh Hashanah impact on business travel and groups in the major markets, there were demand shifts in the southeast region due to Hurricane Ian. STR’s Market Recovery Monitor will provide further analysis in the coming days.

Among the Top 25 Markets, Phoenix reported the highest occupancy increase over 2019 (up 7.5 percent to 69.7 percent).

San Diego reported the largest ADR gain over 2019 (up 29.8 percent to $203.71).

San Francisco was the only market to post an ADR drop (down 2.8 percent to $234.73).

The steepest RevPAR declines were in San Francisco (down 14.1 percent to $176.63) and Minneapolis (down 10.0 percent to $79.76).

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...