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Friday, May 13, 2022

Hotels: Occupancy Rate Down 6.1% Compared to Same Week in 2019

by Calculated Risk on 5/13/2022 02:31:00 PM

U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through May 7.

May 1-7, 2022 (percentage change from comparable week in 2019*):

Occupancy: 63.9% (-6.1%)
• verage daily rate (ADR): $147.24 (+12.0%)
• evenue per available room (RevPAR): $94.10 (+5.1%)

*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.

Hotel Occupancy RateClick on graph for larger image.

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).

The 4-week average of the occupancy rate is at the median rate for the previous 20 years (Blue).

Note: Y-axis doesn't start at zero to better show the seasonal change.

The 4-week average of the occupancy rate will now mostly move sideways seasonally until the summer.