Thursday, February 29, 2024

STR Reviews U.S. Resort ADR and RevPAR Reached File Highs in 2022



  Among the many High 25 Markets, Oahu Island reported the best occupancy degree (75.4%), which was nonetheless down 10.5% from the markets 2019 benchmark.


STR;

The U.S. resort trade reported common each day fee (ADR) and income per obtainable room (RevPAR) that have been the best for any yr on file, in keeping with 2022 knowledge from STR.

2022 (share change from 2019):

  • Occupancy: 62.7% (-4.9%)
  • Common each day fee (ADR): US$148.83 (+13.6%)
  • Income per obtainable room (RevPAR): US$93.27 (+8.1%)

Regardless of climbing again above the 60% mark, the nation’s occupancy degree remained under the pre-pandemic comparable.

Among the many High 25 Markets, Oahu Island reported the best occupancy degree (75.4%), which was nonetheless down 10.5% from the market’s 2019 benchmark.

Whereas not one of the High 25 Markets reported an occupancy improve, Tampa got here closest to its pre-pandemic comparable (-0.8% to 71.6%).

Main markets with the bottom occupancy for the yr included Minneapolis (55.5%) and Houston (57.6%).

Miami posted the most important ADR improve over 2019 (+30.0% to US$253.11), whereas Tampa registered the best progress in RevPAR (+25.2% to US$119.27).

The steepest RevPAR deficit was in San Francisco (-33.4% to US$135.65).

In combination, the High 25 Markets confirmed increased occupancy and ADR than all different markets.

STR supplies premium knowledge benchmarking, analytics and market insights for international hospitality sectors. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a world headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of economic actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.

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