by Calculated Risk on 9/29/2022 11:51:00 AM
Note: The occupancy rate will increase next week due to Hurricane Ian.
Sept. 18-24, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 70.0% (-1.5%)
o Average daily rate (ADR): $157.99 (+15.7%)
o Revenue per available room (RevPAR): $110.60 (+13.9%)
*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).