U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019 on the unfavorable side of a holiday calendar shift, according to STR‘s latest data through 24 December. At the same time, occupancy on the 24th was the highest for any Christmas Eve on record.
18-24 December 2022 (percentage change from comparable week in 2019*):
- Occupancy: 43.9% (-9.7%)
- Average daily rate (ADR): US$132.29 (+2.3%)
- Revenue per available room (RevPAR): US$58.04 (-7.6%)
Christmas Eve occupancy came in at 43.6%, which topped the previous high established in 2021.
The corresponding week in 2019 ended on 28 December, which brought performance up for that overall period.
Among the Top 25 Markets, Houston reported the highest occupancy increase over 2019 (+3.4% to 43.1%).
Seattle posted the highest ADR lift over 2019 (+19.7% to US$130.07).
Miami saw the steepest ADR (-26.2% to US$225.08) and RevPAR (-42.4% to US$138.19) declines from 2019.
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.