STR: U.S. hotel performance for March 2022
Lifted by Spring Break travel, the U.S. hotel industry reported elevated performance with better indexed comparisons against 2019, according to March 2022 data from STR.
HENDERSONVILLE, Tennessee - Lifted by Spring Break travel, the U.S. hotel industry reported elevated performance with better indexed comparisons against 2019, according to March 2022 data from STR.
March 2022 (percentage change from March 2019):
- Occupancy: 64.0% (-6.2%)
- Average daily rate (ADR): US$146.61 (+10.9%)
- Revenue per available room (RevPAR): US$93.82 (+4.0%)
The country’s occupancy and RevPAR levels were the highest since July 2021. On a nominal basis, the country’s ADR level was the highest for any month on record. When adjusted for inflation, the March ADR level was roughly 2% below the 2019 comparable.
Among the Top 25 Markets, Tampa experienced the highest occupancy level (84.7%), which was still down 3.6% from the market’s 2019 benchmark.
None of the Top 25 Markets saw an occupancy increase over 2019.
Markets with the lowest occupancy for the month included Minneapolis (50.1%) and Chicago (54.5%).
San Francisco/San Mateo reported the steepest decline in occupancy when compared with 2019 (-23.4%).
Overall, the Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data
STR’s world-leading hotel performance sample comprises 73,000 hotels and 9.6 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
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