The U.S. resort trade reported record-high month-to-month room charges on a nominal foundation, based on July 2022 information from STR.
July 2022 (share change from June 2019):
- Occupancy: 69.6% (-5.4%)
- Common every day charge (ADR): US$159.08 (+17.5%)
- Income per obtainable room (RevPAR): US$110.73 (+11.2%)
The nation additionally reported an all-time excessive RevPAR degree (nominal), whereas occupancy was the second highest since August 2019.
- Among the many High 25 Markets, Oahu Island skilled the very best occupancy degree (86.3%), which was down 2.1% from the market’s 2019 benchmark.
- Markets with the bottom occupancy for the month included New Orleans (57.2%) and Phoenix (57.3%).
- San Francisco reported the steepest decline in occupancy compared with 2019 (-16.2%).
- Reflecting continued enchancment in enterprise journey and teams, the High 25 Markets confirmed larger occupancy and ADR than all different markets.
About STR
STR gives premium information benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a global 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.
