US Hotel Occupancy Slumps in Week Ended March 5 – STR
March 11, 2022 | S&P Market Intelligence
Hotel occupancy in the U.S. during the week ended March 5 was 61.2%, down slightly compared to the prior week, according to STR, which tracks the hospitality industry.
However, the figure was down 8.2% when measured against the same week in 2019.
STR said it is measuring recovery against comparable time periods from 2019 due to the pandemic impact.
The average daily rate was $137.96, up 4.7% compared to the similar period in 2019, while revenue per available room ended the week at $84.39, representing a decline of 3.8%.
Of the top 25 markets, Norfolk/Virginia Beach, Va., came close to matching its occupancy level in the comparable 2019 period at 56.3%, down 0.8%, while San Francisco/San Mateo, Calif., recorded a 36.8% occupancy decline to 51.0%.
Miami experienced the biggest ADR and RevPAR growths at 27.3% to $311.19 and 25.0% to $254.37, respectively.
San Francisco/San Mateo posted the steepest RevPAR fall at -64.2% to $87.61, followed by Washington, D.C., at -38.9% to $74.70.
