HENDERSONVILLE, TN – Driven by Spring Break travel, the U.S. hospitality industry performed strongly with better indexed comparisons compared to 2019, according to March 2022 data from STR.
March 2022 (percentage change from March 2019):
- Occupancy: 64.0% (-6.2%)
- Average Daily Rate (ADR): $146.61 (+10.9%)
- Revenue per available room (RevPAR): $93.82 (+4.0%)
The country’s occupancy and RevPAR levels were the highest since July 2021. On a nominal basis, the country’s ADR level was the highest of any month on record. After adjusting for inflation, the March ADR level was around 2% lower than in 2019.
Among the top 25 markets, Tampa experienced the highest occupancy rate (84.7%), still down 3.6% from the market benchmark in 2019.
None of the top 25 markets saw an increase in occupancy compared to 2019.
Markets with the lowest occupancy rate for the month included Minneapolis (50.1%) and Chicago (54.5%).
San Francisco/San Mateo recorded the largest decrease in occupancy compared to 2019 (-23.4%).
Overall, the top 25 markets showed higher occupancy and ADR than all other markets.
A note to editors: All references to STR data and analyzes should cite “STR” as source. Please do not quote “STR, Inc.” “Smith Travel Research” or “World STR” in supply.
Additional performance data
STR’s world-leading hotel performance sample includes 73,000 hotels and 9.6 million hotel rooms worldwide. Please refer to the contacts below for additional data requests.
STR provides premium benchmarking data, analysis and market intelligence for the global hospitality industry. Founded in 1985, STR operates in 15 countries with North American headquarters in Hendersonville, Tennessee, international headquarters in London, and Asia-Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of online commercial real estate information, analysis and marketplaces. For more information, please visit str.com and costargroup.com.
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