HENDERSONVILLE, Tenn. — The U.S. hotel industry has reported record-high monthly room rates on a nominal basis, according to July 2022 data from STR.
In comparison to June 2019, occupancy came in at 69.6 per cent (down 5.4 per cent), Average Daily Rate (ADR) was US$159.08 (up 17.5 per cent) and Revenue Per Available Room (RevPAR) stood at US$110.73 (up 11.2 per cent).
Among the top-25 markets, Oahu Island, Hawaii experienced the highest occupancy level (86.3 per cent), which was down 2.1 per cent from the market’s 2019 benchmark. Markets with the lowest occupancy included New Orleans (57.2 per cent) and Phoenix (57.3 per cent). San Francisco had the steepest decline in occupancy when compared with 2019, down 16.2 per cent.