The U.S. hotel industry reported higher performance from the month prior but weakened comparisons with 2019, according to October 2022 data from STR.
October 2022 (percentage change from October 2019):
- Occupancy: 67.2% (-2.4%)
- Average daily rate (ADR): US$155.63 (+16.8%)
- Revenue per available room (RevPAR): US$104.59 (+14.0%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (84.3%), which was down 6.8% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Minneapolis (60.3%), Houston (62.2%), and St. Louis (62.2%). San Francisco reported the steepest decline in occupancy when compared with 2019 (-19.0%).
