HENDERSONVILLE, Tennessee - U.S. hotel performance dipped from the previous week, while indexed comparisons against 2019 improved on the favorable side of a holiday calendar shift, according to STR‘s latest data through 2 July.

26 June-2 July 2022 (percentage change from comparable week in 2019*):

  • Occupancy: 67.3% (+2.9%)
  • Average daily rate (ADR): US$153.32 (+19.7%)
  • Revenue per available room (RevPAR): US$103.24 (+23.1%)

Given historical trends, the week-over-week decline in demand was normal given the holiday. Since 2000, the Fourth of July or the observance of the holiday (federal holiday) has fallen on a Monday seven times, including last year and in 2016. In every case, occupancy in the week before the holiday fell by more than four percentage points with most of the losses beginning on Wednesday and continuing into the weekend. Occupancy and demand are likely to fall again for this current week before strengthening in the remaining weeks of July.

Source: STRSource: STR
Source: STR

Among the Top 25 Markets, New Orleans saw the largest occupancy increase over 2019 (+16.5% to 73.7%). Chicago was next on the list with a 15.1% gain to 73.5%.

Denver (85.7%), Oahu Island (83.4%) and San Diego (81.9%) led the major markets in absolute occupancy for the week.

Miami reported the largest occupancy decrease from 2019 (-9.8% to 65.7%).

Chicago posted the largest ADR gain over 2019 (+49.0% to US$170.00).

Largely because of ADR increases, each of the Top 25 Markets saw RevPAR higher than the comparable week of 2019.

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

Additional Performance

Data STR’s world-leading hotel performance sample comprises 73,000 properties and 9.6 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Haley Luther
Communications Coordinator
+1 615 824 8664 ext. 3500
STR

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