Hotel luxury modern hotel room

HENDERSONVILLE, Tenn. — For the week ending July 1, global occupancy (excluding the U.S.) came in at 70.7 per cent and was nearly at the post-pandemic high of 70.8 per cent recorded two weeks ago. The measure was up 6.2 per cent year-over-year (YOY) with Average Daily Rate (ADR) rising 18 per cent YOY to USD$160, according to STR. As a result, Revenue Per Available Room (RevPAR) continued to see strong YOY growth (29.3 per cent) and attained USD$113, which was the highest level since March 2020.

Among the top 10 countries, occupancy increased 7.9 per cent YOY to 73.8 per cent while ADR grew 10.9 per cent YOY to USD$146 and RevPAR increased 24.2 per cent YOY to $USD108. All 10 countries saw positive RevPAR growth except Mexico. Specifically, the U.K. led the top 10 in occupancy at 85.5 per cent (up 1.1 per cent from last year). ADR increased by five per cent YOY and RevPAR increased by 6.4 per cent. Furthermore, RevPAR in Japan grew to 86.1 per cent with a 19.2-per-cent gain in occupancy and a 56.1 per cent ADR increase. Lastly, China reported strong RevPAR growth at 49.1 per cent, occupancy gain of 25.5 per cent and an 18.8-per-cent increase in ADR.

In the U.S., weekly occupancy dropped to 69.9 per cent, down 1.6 per cent from the previous week and up 2.7 per cent from last year. ADR grew 1.5 per cent YOY to USD$156 and RevPAR increased 5.7 per cent YOY to USD$109. Specifically, 12 of the top 25 markets reported weekday RevPAR growth above 10 per cent, including Atlanta, Boston, Chicago, Denver, Colo., Houston, Las Vegas, Minneapolis, Nashville, New York City, St. Louis, Miss., Washington, D.C. and Philadelphia.


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