by Calculated Risk on 10/20/2022 04:24:00 PM
Oct. 9-15, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 70.3% (-2.7%)
o Average daily rate (ADR): $157.52 (+15.8%)
o Revenue per available room (RevPAR): $110.78 (+12.8%)
Among the Top 25 Markets, Tampa reported the largest increases over 2019 in each of the key performance metrics: occupancy (+17.1% to 80.6%), ADR (+34.6% to $159.80) and RevPAR (+57.7% to $128.85). Tampa has been one of the markets in Florida that have seen a performance lifted associated with post-Hurricane Ian demand. …
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021. Dashed purple is 2019 (STR is comparing to a strong year for hotels).