HENDERSONVILLE, Tennessee—The U.S. hotel industry reported record-high monthly room rates on a nominal basis, according to July 2022 data from STR.
July 2022 (percentage change from June 2019):
- Occupancy: 69.6% (-5.4%)
- Average daily rate (ADR): US$159.08 (+17.5%)
- Revenue per available room (RevPAR): US$110.73 (+11.2%)
The country also reported an all-time high RevPAR level (nominal), while occupancy was the second highest since August 2019.
Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (86.3%), which was down 2.1% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included New Orleans (57.2%) and Phoenix (57.3%).
San Francisco reported the steepest decline in occupancy when compared with 2019 (-16.2%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
Further July 2022 insights can be found here.
A note to editors: All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.
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STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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