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

From CoStar: STR: US Hotel Revenue Per Available Room Sets New Weekly Record

U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through June 11.

June 5-11, 2022 (percentage change from comparable week in 2019*):

• Occupancy: 70.6% (-4.1%)
• Average daily rate (ADR): $155.37 (+15.4%)
• Revenue per available room (RevPAR): $109.76 (+10.7%)

*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 above 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 over the summer.