Skip to content

Search

Latest Stories

STR: U.S. hotel performance improves in first week of October

Orlando reported the highest occupancy increase

STR: U.S. hotel performance improves in first week of October

U.S. HOTEL PERFORMANCE improved in the first week of Oct'22 due to school breaks and extended holiday weekend, but the performance was mixed when compared to 2019, according to STR.

Hotel performance during weekdays declined due to Yom Kippur as expected. Post-Hurricane Ian demand in Florida also boosted the performance.


Occupancy was 68.2 percent for the week ending Oct. 8, up from 66.4 percent the week before and decreased 3.5 percent from 2019. ADR was $153.79 during the week, increased from $149.71 the week before and up 16.9 percent from three years ago. RevPAR reached $104.83 in the first week of Oct'22, up from $99.36 the week before and increased 12.8 percent from 2019.

Orlando reported the highest occupancy increase among STR’s top 25 markets, up 1.9 percent to 73.6 percent, over 2019.

San Diego reported the largest ADR gain during the week, increased 39.3 percent to $216.93, over 2019.

San Francisco was the only market to post an ADR drop, down 17.7 percent to $227.56.

The steepest RevPAR declines were in San Francisco, down 32.5 percent to $162.40, followed by Minneapolis, dropped 14.5 percent to $84.46.

More for you

Brooklyn: Panwala’s Hotel BPM to Reopen this Fall

Panwala’s Hotel BPM Brooklyn to reopen this fall

DJ BIJAL PANWALA’S Hotel BPM Brooklyn in Brooklyn, New York, is set to reopen in late fall following a multi-million-dollar renovation. The 70-room hotel will be managed by Hotel Equites.

Hotel BPM is also known as Hotel Beats Per Minute.

Keep ReadingShow less
AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less