image credit: Pexels

For October U.S. Hotel Industry Reported Weakened Comparisons with 2019

November 18, 2022

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%).

Read More on Hotel News Resource