by Calculated Risk on 11/11/2022 08:29:00 AM
Oct. 30 through Nov. 5, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 62.4% (-9.2%)
o Average daily rate (ADR): $147.48 (+11.4%)
o Revenue per available room (RevPAR): $91.99 (+1.1%)
While none of the Top 25 Markets showed an occupancy increase over 2019, Tampa came closest to its pre-pandemic comparable (-1.0% to 72.4%). …
*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).