by Calculated Risk on 4/21/2022 11:10:00 AM
From CoStar: STR: US Hotels See Easter Week Performance Drop
Aligned with historical patterns, U.S. hotel performance came in lower during the week of Easter, according to STR’s latest data through April 16.
April 10-16, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 62.0% (-5.6%)
o Average daily rate (ADR): US$147.25 (+14.4%)
o Revenue per available room (RevPAR): US$91.25 (+8.0%)
*Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
Click on graph for larger image.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021.
The 4-week average of the occupancy rate is at the median rate for the previous 20 years (Blue).
Note: Y-axis doesn’t start at zero to better show the seasonal change.
The 4-week average of the occupancy rate will now mostly move sideways seasonally until the summer.
