STR Reviews U.S. Lodge ADR and RevPAR Reached Document Highs in 2022

The U.S. resort trade reported common every day fee (ADR) and income per obtainable room (RevPAR) that have been the very best for any 12 months on file, in keeping with 2022 knowledge from STR.

2022 (share change from 2019):

• Occupancy: 62.7% (-4.9%)
• Common every day fee (ADR): US$148.83 (+13.6%)
• Income per obtainable room (RevPAR): US$93.27 (+8.1%)

Regardless of climbing again above the 60% mark, the nation’s occupancy degree remained beneath the pre-pandemic comparable.

Among the many High 25 Markets, Oahu Island reported the very best occupancy degree (75.4%), which was nonetheless down 10.5% from the market’s 2019 benchmark.

Whereas not one of the High 25 Markets reported an occupancy improve, Tampa got here closest to its pre-pandemic comparable (-0.8% to 71.6%).

Main markets with the bottom occupancy for the 12 months included Minneapolis (55.5%) and Houston (57.6%).

Miami posted the most important ADR improve over 2019 (+30.0% to US$253.11), whereas Tampa registered the very best development in RevPAR (+25.2% to US$119.27).

The steepest RevPAR deficit was in San Francisco (-33.4% to US$135.65).

In combination, the High 25 Markets confirmed larger occupancy and ADR than all different markets.

STR offers premium knowledge benchmarking, analytics and market insights for world hospitality sectors. Based in 1985, STR maintains a presence in 15 international locations with a company North American headquarters in Hendersonville, Tennessee, a world headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of business actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.