by Calculated Risk on 1/21/2022 11:59:00 AM
January 9-15, 2022 (percentage change from comparable week in 2019*):
o Occupancy: 48.8% (-16.3%)
o Average daily rate (ADR): $122.12 (-1.6%)
o Revenue per available room (RevPAR): $54.47 (-19.0%)
On an absolute basis, occupancy was higher than the previous week, but the gap to 2019 levels widened, pointing to a larger impact from the omicron variant. ADR and RevPAR were up week over week and when indexed to 2019. …
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021.