U.S. HOTEL PERFORMANCE dipped in the first week of Sep 2022 compared to the week before, according to STR. However, performance during the week improved when compared to 2019.
Occupancy was 62.8 percent for the week ending Sept. 3, down from 65 percent the week before and up 3.1 percent from 2019. ADR was $147.14 for the week, almost similar to the week before at $147.16 and increased 20.9 percent from three years ago. RevPAR reached $92.45 during the week, down from $95.62 the week before and increased 24.6 percent from 2019.
Among STR’s top 25 markets, Miami reported the largest increase in occupancy to kick off September, up 30.1 percent to 62.2 percent and RevPAR, increased 86.5 percent to $112.37, over 2019.
San Diego reported the largest ADR gain, increased 50.1 percent to $222.47, when compared to 2019.
Only San Francisco reported a decrease in RevPAR during the week, down 16.2 percent to $151.62, over 2019.