Hotel ADR and RevPAR in the U.S. touched record highs in 2022, data from STR showed.
2022 (percentage change from 2019):
- Occupancy: 62.7% (-4.9%)
- ADR: $148.83 (+13.6%)
- RevPAR: $93.27 (+8.1%)
Despite rising back above 60%, occupancy remained below the pre-pandemic comparable.
Oahu Island has the highest occupancy rate (75.4%) among the top 25 markets. However, this was a 10.5% decrease from the market metric in 2019.
Although none of the top 25 markets registered an increase in occupancy, Tampa came closest to its pre-pandemic figure (-0.8% to 71.6%).
Major markets with the lowest occupancy included Minneapolis (55.5%) and Houston (57.6%).
The highest increase in ADR over 2019 was recorded in Miami (+30% to $253.11), while Tampa saw the highest growth in RevPAR (+25.2% to $119.27).
The steepest RevPAR decline was recorded in San Francisco (-33.4% to $135.65).
Overall, the top 25 markets had higher occupancy and ADR than all other markets, indicating that groups and business travel are improving.