U.S. Hotels – February 2022 Commentary

STR | March 24, 2022

February 2022 Top-Line Metrics (percentage change from February 2019) Occupancy: 56.9% (-8.2%) Average daily rate (ADR): US$137.39 (+6.8%) Revenue per available room (RevPAR): US$78.24 (-1.9%)   Key Points from the Month U.S. hotel RevPAR rebounded rapidly to just US$2.54 below the February 2019 comparable. While ADR recovery has been significantly influenced by inflationary pressures, rates on both a nominal and inflation-adjusted (real) basis are recovering faster than in prior downturns. Nominal ADR in February was 6.8% higher than comparable 2019 level, while real ADR came in 4.8% below the pre-pandemic rate....