U.S. HOTEL PERFORMANCE improved in the first week of Oct’22 due to school breaks and extended holiday weekend, but the performance was mixed when compared to 2019, according to STR.
Hotel performance during weekdays declined due to Yom Kippur as expected. Post-Hurricane Ian demand in Florida also boosted the performance.
Occupancy was 68.2 percent for the week ending Oct. 8, up from 66.4 percent the week before and decreased 3.5 percent from 2019. ADR was $153.79 during the week, increased from $149.71 the week before and up 16.9 percent from three years ago. RevPAR reached $104.83 in the first week of Oct’22, up from $99.36 the week before and increased 12.8 percent from 2019.
Orlando reported the highest occupancy increase among STR’s top 25 markets, up 1.9 percent to 73.6 percent, over 2019.
San Diego reported the largest ADR gain during the week, increased 39.3 percent to $216.93, over 2019.
San Francisco was the only market to post an ADR drop, down 17.7 percent to $227.56.
The steepest RevPAR declines were in San Francisco, down 32.5 percent to $162.40, followed by Minneapolis, dropped 14.5 percent to $84.46.
