u s hotel occupancy
Report: Hotel-Generated State and Local Tax Revenue to Reach New Highs in 2023
AHLA | February 21, 2023
WASHINGTON (Feb. 21, 2023) – Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion) and in states across the nation this year, according to state-by-state projections released today by the American Hotel & Lodging Association (AHLA) and Oxford Economics. Average U.S. hotel occupancy is projected to reach 63.8% in 2023 – just shy of 2019’s level of 65.9%. Staffing is expected to remain a challenge for many U.S. hotels in 2023, as the industry continues to grow its workforce back to pre-pandemic levels. “Hotels are making significant strides toward recovery, supporting millions of good-...
Recent U.S. Occupancy Leaders Appeal to Both Business and Leisure Travel
STR | May 23, 2022
For the four-week period ending 14 May 2022, more than three-quarters of all U.S. hotel markets outperformed their comparable 2019 revenue per available room (RevPAR) on a nominal basis. Of 165 STR-defined U.S. markets, only 38 fell short of their 2019 RevPAR, which was a solid improvement from 52 underperformers in April’s “bubble” blog update. Industry RevPAR looks to be on steady footing; however, a look at RevPAR contribution shows a greater influence from average daily rate (ADR) as opposed to occupancy in many areas. As a result, we decided to focus in on occupancy for performance leader callouts in this month’s up...
STR: U.S. Hotel Results for Week Ending 9 April
STR | April 14, 2022
HENDERSONVILLE, Tennessee — April 14, 2022 — U.S. hotel performance increased from the previous week, according to STR‘s latest data through 9 April. 3-9 April 2022 (percentage change from comparable week in 2019*): Occupancy: 66.4% (-4.7%) Average daily rate (ADR): US$150.45 (+10.6%) Revenue per available room (RevPAR): US$99.93 (+5.4%) Among the Top 25 Markets, Tampa saw the highest occupancy increase over 2019 (+6.2% to 84.0%). Minneapolis experienced the largest occupancy decrease from 2019 (-29.5% to 51.4%). Miami posted the largest ADR increase over 2019 (+49.6% to US$328.35). ...
As Spring Break Volume Dipped, U.S. Hotel Occupancy Saw Decrease
STR | April 1, 2022
As Spring Break travel volume dipped, the U.S. hotel industry saw weekly occupancy decrease 1.3 percentage points to 65.5% for the week of 20-26 March 2022. As compared with a year ago, average occupancy for the past two weeks combined was nearly eight percentage points higher, while the gap to 2019 was down to five percentage points. Average daily rate (ADR) also softened 1.5% week on week with the absolute level (US$149) the third highest in history. With lower occupancy and ADR, revenue per available room (RevPAR) decreased 3.5% from the week prior. While the country saw an overall seasonal slowing in occupancy, several markets saw thei...
STR: U.S. Hotel Results for Week Ending 26 March
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. While none of the Top 25 Markets showed an occup...
STR: U.S. Hotel Results for Week Ending 19 March
STR | March 24, 2022
HENDERSONVILLE, Tennessee — March 24, 2022 — Lifted by Spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through 19 March. 13-19 March 2022 (percentage change from comparable week in 2019*): Occupancy: 66.9% (-3.7%) Average daily rate (ADR): US$151.63 (+13.6%) Revenue per available room (RevPAR): US$101.44 (+9.5%) The weekly occupancy level was the highest since the week ending 7 August 2021, while ADR was the second highest for any week on record. Among the Top 25 Markets, Miami sho...
STR: U.S. Hotel Performance for February 2022
STR | March 21, 2022
HENDERSONVILLE, Tennessee — March 21, 2022 — The U.S. hotel industry reported higher performance than the month prior, along with better indexed comparisons with 2019, according to February 2022 data from STR. February 2022 (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%) On a nominal basis, the country’s ADR level was the highest for any month since August 2021. When adjusted for inflation, the February ADR level was roughly 5% below the 2019 comparable. Among the Top 25 Markets, Miami exper...
STR: U.S. Hotel Results for Week Ending 12 March
STR | March 17, 2022
HENDERSONVILLE, Tennessee — March 17, 2022 — Overall U.S. hotel performance increased from the previous week, according to STR‘s latest data through 12 March. 6-12 March 2022 (percentage change from comparable week in 2019*): Occupancy: 63.2% (-9.8%) Average daily rate (ADR): US$144.68 (+7.7%) Revenue per available room (RevPAR): US$91.45 (-2.8%) While none of the Top 25 Markets showed an occupancy increase over 2019, Miami came closest to its 2019 comparable (-4.7% to 84.1%). San Francisco/San Mateo experienced the largest occupancy decrease from 2019 (-29.7% to 56.3%). Anahe...
