Occupancy increased by 0.9% compared to the same week in 2019

by calculated risks 11/20/2022 8:15:00 a.m

Hotel performance in the US came in higher than the previous week and showed improved comparisons to 2019, according to the latest STR data through November 12.

November 6-12, 2022 (percentage change from comparable week in 2019*):

Occupancy: 64.6% (+0.9%)
• Average Daily Rate (ADR): $148.43 (+17.1%)
• Revenue Per Available Room (RevPAR): $95.89 (+18.2%)

*Due to the epidemiological impact, the STR measures recovery against comparable time periods as of 2019.
Affirmations added

The following graph shows the seasonal pattern of hotel occupancy using average of four weeks.

Click on the chart for a larger image.

Red streak is for 2022, black is 2020, blue is medium, and dashed light blue is for 2021. And dashed purple is 2019 (STR compares to a strong year for hotels).

The average 4-week occupancy rate is higher than the average rate for the past 20 years (blue) and close to 2019 levels.

Note: the y-axis does not start from zero to better show seasonal change.

The average 4-week occupancy rate will decrease in the winter.

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