by Calculated Risk on 10/28/2022 05:28:00 PM
Oct. 16-22, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 69.9% (-0.5%)
o Average daily rate (ADR): $157.43 (+16.7%)
o Revenue per available room (RevPAR): $110.11 (+16.1%)
Among the Top 25 Markets, Tampa reported the largest increases over 2019 in occupancy (+7.4% to 75.9%) and RevPAR (+39.2% to $117.28). Tampa has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand. …
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
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).