U.S. hotel industry occupancy topped 70% for the week ending 24 September 2022—an eight-week high. Weekday (Monday-Wednesday) demand and occupancy improved with the measures increasing to the highest levels since the summer.
The Top 25 Markets saw weekday occupancy reach 75.7%, which was the second-best level since the start of the pandemic and the highest non-summer mark. Full-week nominal average daily rate (ADR) increased to US$158, up 1.4% week over week (WoW) and 17.6% from a year ago. Weekly nominal revenue per available room (RevPAR) improved to US$111, a 2.1% WoW gain and 30.3% increase from a year ago. On an inflation-adjusted basis (real), ADR was above 2019 for a second consecutive week whereas RevPAR was just below the value seen three years ago.
