US Hotel Occupancy, RevPAR Tick up in Week Ended April 30
May 5, 2022 | Pam Rosacia | S&P Global Market Intelligence
Hotel occupancy and revenue per available room in the U.S. increased slightly during the week ended April 30, while the average daily rate dipped from the previous week, according to data from STR, which tracks the hospitality industry.
Occupancy edged higher to 66.6% from 65.8% in the previous week but was down 3.4% from the same week in 2019. STR is measuring recovery against comparable periods from 2019 due to the impact of COVID-19.
RevPAR ticked up from the previous week to $97.72, which reflects a 6.4% jump from the 2019 level. ADR ended the week at $146.67, down from $148.35 in the previous week but 10.2% higher than the comparable period in 2019.
Phoenix registered the biggest occupancy gain among the top 25 U.S. markets, with a 5.5% increase from the 2019 comparable period to 75.9% during the recent week. The largest occupancy drop in the past week was recorded in Minneapolis, falling 23.8% to 55.1%.
Boston and Minneapolis posted the highest RevPAR declines, decreasing 30.0% to $128.27 and 28.5% to $64.23, respectively.
