by Calculated Risk on 10/06/2022 01:50:00 PM
Sept. 25 through Oct. 1, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 66.4% (-2.4%)
o Average daily rate (ADR): $149.71 (+15.7%)
o Revenue per available room (RevPAR): $99.36 (+12.9%)
In addition to the Rosh Hashanah impact on business travel and groups in the major markets, there were demand shifts in the southeast region due to Hurricane Ian. …
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021. Dashed purple is 2019 (STR is comparing to a strong year for hotels).