STR: U.S. Hotel Performance for July 2022
The U.S. hotel industry reported record-high monthly room rates on a nominal basis, according to July 2022 data from STR.
The U.S. hotel industry reported record-high monthly room rates on a nominal basis, according to July 2022 data from STR.
July 2022 (percentage change from June 2019):
- Occupancy: 69.6% (-5.4%)
- Average daily rate (ADR): US$159.08 (+17.5%)
- Revenue per available room (RevPAR): US$110.73 (+11.2%)
The country also reported an all-time high RevPAR level (nominal), while occupancy was the second highest since August 2019.
- Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (86.3%), which was down 2.1% from the market’s 2019 benchmark.
- Markets with the lowest occupancy for the month included New Orleans (57.2%) and Phoenix (57.3%).
- San Francisco reported the steepest decline in occupancy when compared with 2019 (-16.2%).
- Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.