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STR: U.S. occupancy down year-over-year in second week of January

The metric did rise over the previous week, along with ADR and RevPAR

STR: U.S. occupancy down year-over-year in second week of January

AS A RESULT of a larger impact from the Omicron variant, U.S. hotel occupancy worsened in the second week of January in comparison with pre-pandemic levels, according to STR. However, occupancy was higher than the previous week on an absolute basis.

Occupancy was 48.8 percent for the week ending Jan. 15, up from 45.4 percent the week before and down 16.3 percent from the comparable week in 2019. ADR was $122.12 for the week, up from $119.92 the week before, but down 1.6 percent from two years ago.  RevPAR reached $59.57, up from $54.47 the prior week and down 17.6 percent from the same period two years ago.


According to STR, ADR and RevPAR were up week over week and when indexed to 2019.

None of STR's top 25 markets recorded an occupancy increase over 2019. Norfolk/Virginia Beach came closest to its pre-pandemic comparable, down 8.4 percent to 44.1 percent. Miami registered the largest ADR increase, up 16.6 percent to $271.21.

The largest occupancy drop happened in San Francisco/San Mateo, down 53.9 percent to 37.3 percent. The steepest RevPAR deficits were in San Francisco/San Mateo, fell 69.6 percent to $58.84, followed by New York City, down 53.9 percent to $68.93.

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Texas Austin F1 Grand Prix Drives Shorter Hotel Booking Windows

Report: Austin F1 spurs shorter hotel booking windows

Summary:

  • Hotel booking windows shortened ahead of the Austin Grand Prix, Key Data reported.
  • High hotel demand closely matched vacation rental activity.
  • Guests are booking closer to major travel events.

HOTEL BOOKING WINDOWS shortened ahead of this year’s Formula 1 Grand Prix in Austin, Texas, held Oct. 17 to 19, according to Key Data, a short-term rental analytics firm. A comparison of 2024 and 2025 data showed that periods of high hotel demand closely matched vacation rental activity.

Key Data Dashboard found that hotel and vacation rental bookings in Austin moved in sync, with a correlation score of 0.91, where 1 indicates a perfect match.

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