The U.S. resort trade reported common day by day price (ADR) and income per obtainable room (RevPAR) that had been the best for any yr on document, in response to 2022 knowledge from STR.
2022 (proportion change from 2019):
- Occupancy: 62.7% (-4.9%)
- Common day by day price (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 nations occupancy stage remained beneath the pre-pandemic comparable.
Among the many Prime 25 Markets, Oahu Island reported the best occupancy stage (75.4%), which was nonetheless down 10.5% from the markets 2019 benchmark.
Whereas not one of the Prime 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 mixture, the Prime 25 Markets confirmed greater occupancy and ADR than all different markets.
STR offers 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 info, analytics and on-line marketplaces. For extra info, please go to str.com and costargroup.com.