U.S. HOTEL PERFORMANCE increased in the second week of October from the week before, according to STR. Performance metrics during the week were mixed when compared to 2019.
Occupancy was 70.3 percent for the week ending Oct. 15, up from 68.2 percent the week before and down 2.7 percent from 2019. ADR was $157.52 during the week, increased from $153.79 the week before and up 15.8 percent from three years ago. RevPAR reached $110.78 in the second week of Oct’22, up from $104.83 the week before and increased 12.8 percent from 2019.
Tampa reported improved performance in markets in Florida due to post-Hurricane Ian demand among STR’s top 25 markets. It reported the largest increases in each of the key performance metrics, occupancy, up 17.1 percent to 80.6 percent), ADR, increased 34.6 percent to $159.80 and RevPAR, improved 57.7 percent to $128.85), over 2019.
San Francisco was the only market to post an ADR decline during the week, dipped 11.9 percent to $237.17.
The steepest RevPAR declines were in San Francisco, decreased 28.3 percent to $170.49, followed by Minneapolis, dropped 7.9 percent to $80.19.