by Calculated Risk on 6/09/2022 04:17:00 PM
Note: This was lowered by the timing of the holiday.
May 29 through June 4, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 63.2% (-12.1%)
o Average daily rate (ADR): $147.35 (+11.3%)
o Revenue per available room (RevPAR): $93.16 (-2.2%)
*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).