HENDERSONVILLE, Tennessee – Following seasonal patterns, the U.S. lodge business reported decrease efficiency from the month prior, in accordance with August 2022 information from STR.
August 2022 (share change from August 2019):
- Occupancy: 66.5% (-6.7%)
- Average each day charge (ADR): US$151.49 (+14.0%)
- Revenue per obtainable room (RevPAR): US$100.67 (+6.3%)
Among the Top 25 Markets, Oahu Island skilled the best occupancy degree (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 Top 25 Markets confirmed larger occupancy and ADR than all different markets.
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Additional Performance Data
STR’s world-leading lodge efficiency pattern contains 75,000 lodges and 10 million lodge rooms across the globe. Please consult with the contacts listed beneath for extra information requests.
About STR
STR offers premium information benchmarking, analytics and market insights for the worldwide hospitality business. Founded 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 info, analytics and on-line marketplaces. For extra info, please go to str.com and costargroup.com.
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