HENDERSONVILLE, Tennessee – The U.S. hotel industry reported higher performance from previous months as well as all-time high room rates, according to April 2022 data from STR.
April 2022 (percentage change from April 2019):
- Occupancy: 65.5% (-3.3%)
- Average daily rate (ADR): US$149.90 (+14.0%)
- Revenue per available room (RevPAR): US$98.20 (+10.2%)
The country’s occupancy and RevPAR levels were the highest since July 2021. On a nominal basis, the country’s ADR level was the highest for any month on record. When adjusted for inflation, the April ADR level was 0.7% above the 2019 comparable.
Among the Top 25 Markets, Miami experienced the highest occupancy level (80.9%), which was down 0.2% from the market’s 2019 benchmark.
Markets with the lowest occupancy for the month included Minneapolis (52.5%) and Detroit (58.4%).
Minneapolisreported the steepest decline in occupancy when compared with 2019 (-22.4%).
Reflecting continued improvement in business travel and groups, the Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data
STR’s world-leading hotel performance sample comprises 73,000 hotels and 9.6 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
Haley Luther
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