by Calculated Risk on 1/20/2023 04:16:00 PM
U.S. hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR‘s latest data through Jan. 14.
Jan. 8-14, 2023 (percentage change from comparable week in 2019*):
• Occupancy: 54.8% (-5.5%)
• Average daily rate (ADR): $144.81 (+15.7%)
• Revenue per available room (RevPAR): $79.38 (+9.3%)
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019. Year-over-year comparisons will once again become standard after the first quarter.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
The red line is for 2023, black is 2020, blue is the median, and dashed light blue is for 2022. Dashed purple is 2019 (STR is comparing to a strong year for hotels).