HENDERSONVILLE, Tennessee—The U.S. hotel industry reported its highest monthly room rates on record, according to June 2022 data from STR.
June 2022 (percentage change from June 2019):
- Occupancy: 70.1% (-4.3%)
- Average daily rate (ADR): US$155.04 (+15.3%)
- Revenue per available room (RevPAR): US$108.64 (+10.3%)
The country also reported an all-time high RevPAR level, while occupancy was the highest since August 2019.
Among the Top 25 Markets, New York City experienced the highest occupancy level (83.7%), which was down 7.4% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Houston (58.4%) and Phoenix (62.6%).
Philadelphia reported the steepest decline in occupancy when compared with 2019 (-15.7%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
Further June 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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About STR
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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