STR: U.S. hotel performance drops as expected due to Rosh Hashanah holiday

Hurricane Ian also dampened demand in the Southeast

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STR OCT 2022
Occupancy was 66.4 percent for the week ending Oct. 1, down from 70 percent the week before and decreased 2.4 percent from 2019, according to STR. ADR was $149.71 for the week, dropped from $157.99 the week before, and RevPAR reached $99.36 during the week, down from $110.60 the week before.

U.S. HOTEL PERFORMANCE dropped in the fifth week of September as expected with the Rosh Hashanah holiday, according to STR. ADR and RevPAR were up during the week when compared to 2019, but occupancy was down.

Occupancy was 66.4 percent for the week ending Oct. 1, down from 70 percent the week before and decreased 2.4 percent from 2019. ADR was $149.71 for the week, dropped from $157.99 the week before and increased 15.7 percent from three years ago. RevPAR reached $99.36 during the week, down from $110.60 the week before and up 12.9 percent from 2019.

According to STR, there was demand shifts in the southeast region due to Hurricane Ian besides the Rosh Hashanah impact on business travel and groups.

Phoenix reported the highest occupancy increase, up 7.5 percent to 69.7 percent, over 2019 among STR’s top 25 markets. San Diego reported the largest ADR gain, up 29.8 percent to $203.71, over three years ago.

Only San Francisco posted an ADR drop, down 2.8 percent to $234.73, over 2019. The steepest RevPAR declines were in San Francisco, dropped 14.1 percent to $176.63, followed by Minneapolis, down 10 percent to $79.76.