With the end of spring break, the performance of American hotels continues to decline
Reflecting the continued seasonal slowdown in spring break travel, U.S. hotel performance was down slightly from the previous week, according to STR’s latest data through April 2.
From March 27 to April 2, 2022 (percentage change compared to the comparable week in 2019*):
- Occupancy: 64.1% (-6.4%)
- Average Daily Rate (ADR): $145.74 (+11.7%)
- Revenue per available room (RevPAR): $93.48 (+4.5%)
Among the top 25 markets, Phoenix saw the only increase in occupancy rate in 2019 (+0.2% to 79.9%).
Minneapolis saw the largest decline in occupancy from 2019 (-23.9% to 51.3%).
Buoyed by the NCAA Men’s Final Four, New Orleans saw the biggest increase in ADR over 2019 (+43.1% to $237.69).
The largest RevPAR shortfalls were seen in Minneapolis (-40.6% to $63.07) and San Francisco/San Mateo (-37.1% to $106.88).
*Due to the impact of the pandemic, STR measures the recovery against comparable periods from 2019.
STR provides premium benchmarking data, analysis and market intelligence for the global hospitality industry. Founded in 1985, STR operates in 15 countries with North American headquarters in Hendersonville, Tennessee, international headquarters in London, and Asia-Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of online commercial real estate information, analysis and marketplaces. For more information, please visit str.com and costargroup.com.
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