HENDERSONVILLE, Tennessee – Following seasonal patterns, the U.S. resort trade reported decrease efficiency from the month prior, in keeping with August 2022 knowledge from STR.
August 2022 (share change from August 2019):
- Occupancy: 66.5% (-6.7%)
- Common every day fee (ADR): US$151.49 (+14.0%)
- Income per accessible room (RevPAR): US$100.67 (+6.3%)
Among the many High 25 Markets, Oahu Island skilled the very best occupancy stage (81.6%), which was down 8.3% from the market’s 2019 benchmark.
Markets with the bottom occupancy for the month included New Orleans (47.3%) and Houston (55.3%).
New Orleans reported the steepest decline in occupancy compared with 2019 (-21.9%).
Reflecting continued enchancment in enterprise journey and teams, the High 25 Markets confirmed increased occupancy and ADR than all different markets.
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Further Efficiency Knowledge
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STR supplies premium knowledge 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 business actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.
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