Occupancy rate down 3.8% compared to the same week in 2019

in Estimated risk per 04.08.2022 15:37:00

According to the latest STR data for July 30, U.S. hotel performance is down slightly from the previous week, which was a traditional summer travel peak.

July 24-30, 2022 (percentage change from comparable week 2019*):

Occupancy: 71.9% (-3.8%)
• Average daily rate (ADR): $158.32 (+18.3%)
• Revenue Per Affordable Number (RevPAR): $113.90 (+13.9%).

*Due to the impact of the pandemic, STR measures recovery from comparable time periods since 2019.
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The following graph shows the seasonal dynamics of hotel occupancy using an average of four weeks.

Hotel occupancyClick on the graph to enlarge the image.

The red line is 2022, the black line is 2020, the blue line is the median, the light blue dotted line is 2021. The purple dotted line is 2019 (STR compares to a successful year for hotels).

The 4-week occupancy average is slightly below the average for the previous 20 years (blue).

Note. The y-axis does not start at zero to better show seasonal changes.

The 4-week average occupancy will reach a seasonal peak in a few weeks.