U.S. hotel revenue per available room reached an all-time weekly high on a nominal basis and a pandemic-era high on an inflation-adjusted basis during the week of June 12-18, according to STR's latest data.
For the week: (percentage change from comparable week in 2019):
- Occupancy: 71.8 percent (-4.8 percent)
- Average daily rate: $155.02 (+14.9 percent)
- RevPAR: $111.29 (+9.4 percent)
The occupancy level was the highest of the pandemic era thanks to the country’s highest weekly demand (28 million roomnights sold) since August 2019. While occupancy was up, the occupancy comparison with 2019 softened slightly from the week before. ADR was down marginally from the previous week as was the ADR comparison to 2019.
In comparison, for the week of June 5-11 (percentage change from comparable week in 2019):
- Occupancy: 70.6 percent (-4.1 percent)
- ADR: $155.37 (+15.4 percent)
- RevPAR: $109.76 (+10.7 percent)
Top Markets
Among STR’s top 25 markets, San Diego saw the only occupancy increase over 2019 (+0.5 percent to 86 percent). New York City (86.6 percent), San Diego and Seattle (85 percent) led the major markets in absolute occupancy for the week. Minneapolis reported the largest occupancy decrease from 2019 (-18.9 percent to 70.6 percent).
Miami posted the largest ADR gain over 2019 (+32.9 percent to $203.14).
The steepest RevPAR deficits were in Minneapolis (-23.1 percent to $94.15) and San Francisco (-20.7 percent to $167.90).