by Calculated Risk on 10/14/2022 10:35:00 AM
Oct. 2-8, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 68.2% (-3.5%)
o Average daily rate (ADR): $153.79 (+16.9%)
o Revenue per available room (RevPAR): $104.83 (+12.8%)
While weekday performance showed an expected decline due to Yom Kippur, school breaks and the extended holiday weekend helped lift levels on Friday and Saturday. Performance levels in Florida were also lifted by post-Hurricane Ian demand. …
*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).