STR | March 31, 2022

HENDERSONVILLE, Tennessee — March 31, 2022 — With lower Spring Break travel volume, U.S. hotel performance dipped slightly from the previous week, according to STR‘s latest data through 26 March.

 

20-26 March 2022 (percentage change from comparable week in 2019*):

  • Occupancy: 65.5% (-5.5%)
  • Average daily rate (ADR): US$149.38 (+13.5%)
  • Revenue per available room (RevPAR): US$97.92 (+7.3%)

 

The weekly ADR level was the third highest for any week on record, behind the previous week ending 19 March and the week of Christmas in 2021.

 

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While none of the Top 25 Markets showed an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-0.1% to 84.7%).

Minneapolis experienced the largest occupancy decrease from 2019 (-21.8% to 51.8%).

Of note, weekly group demand (upper upscale and luxury classes) in San Francisco/San Mateo was 4.8% higher than the 2019 comparable, helped by the Game Developers Conference and NCAA Basketball. RevPAR in the market was just 1.4% below the 2019 comparable, after coming in 54.2% under the 2019 comparable for the week ending 19 March 2022.

The steepest RevPAR deficits were in Washington, D.C. (-27.5% to US$105.10) and Seattle (-24.0% to US$87.63).

 

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.