HENDERSONVILLE, Tennessee – Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to August 2022 data from STR.
August 2022 (percentage change from August 2019):
- Occupancy: 66.5% (-6.7%)
- Average daily rate (ADR): US$151.49 (+14.0%)
- Revenue per available room (RevPAR): US$100.67 (+6.3%)
Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (81.6%), which was down 8.3% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included New Orleans (47.3%) and Houston (55.3%).
New Orleans reported the steepest decline in occupancy when compared with 2019 (-21.9%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
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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.