March 19, 2022

US Hotel Occupancy Inches Up in Week Ended March 12 – STR

March 18, 2022 | S&P Capital IQ | Market Intelligence

Occupancy at U.S. hotels inched up to 63.2% during the week ended March 12 compared to 62.2% the previous week, according to data from STR, which tracks the hospitality industry.

However, compared to the similar period in 2019, occupancy was down 9.8% and revenue per available room slipped 2.8% to $91.45.

The average daily rate rose 7.7% to $144.68 compared to the similar period in 2019.

Among the key markets, San Francisco/San Mateo, Calif., registered the biggest plunge in occupancy, a 29.7% drop to 56.3% from the 2019 comparable period. Miami hotel occupancy was 84.1%, down only 4.7%.

Anaheim, Calif., saw the biggest ADR and RevPAR increases during the week compared to the 2019 period. ADR jumped 34.4% to $217.87, and RevPAR increased 25.9% to $168.60.

San Francisco/San Mateo and Washington, D.C., recorded the largest falls in RevPAR, -44.9% to $101.77 and -37.5% to $83.01, respectively.