Market Recovery Monitor as of 5 March 2022

STR | March 11, 2022

U.S. hotel weekly occupancy slipped a bit in the most recent week of reporting (27 February-5 March 2022), falling to 61.2% from 62.2% the week prior. While all attention is focused on rising gas prices and the potential impact on hotel demand, this week’s decrease was due to a weaker Sunday as the previous Sunday benefited from the Presidents’ Day holiday. Excluding Sunday, occupancy for the remaining six days reached 63.2%, the highest six-day result in the country since mid-November. Average daily rate (ADR) declined 4.2% post-holiday, but the absolute level remained above where it was in the comparable week of 2019. Revenue per avail...