STR: U.S. ADR, RevPAR touch record highs in 2022

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.