The U.S. hotel industry reported higher performance in April compared to previous months as well as all-time high room rates, according to data from STR.
April 2022 (percentage change from April 2019):
- Occupancy: 65.5 percent (-3.3 percent)
- Average daily rate: $149.90 (+14 percent)
- Revenue per available room: $98.20 (+10.2 percent)
The country’s occupancy and RevPAR levels were the highest since last July. On a nominal basis, the country’s ADR level was the highest for any month on record. When adjusted for inflation, the April ADR level was 0.7 percent above the 2019 comparable.
Among STR's top 25 markets, Miami experienced the highest occupancy level (80.9 percent), which was down 0.2 percent from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included Minneapolis (52.5 percent) and Detroit (58.4 percent). Minneapolis reported the steepest decline in occupancy when compared with 2019 (-22.4 percent).
Reflecting continued improvement in business travel and groups, the top 25 markets showed higher occupancy and ADR than all other markets.