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Average December 2022 U.S. hotel occupancy and revenue per available room decreased month over month, with the average daily rate increasing slightly from November levels, according to hospitality analytics firm STR.
Like the month prior, STR again cited “continued improvement in business travel and groups” among its top 25 markets in December with higher occupancy and ADR on average than other markets.
December U.S. hotel occupancy was 53.6 percent, down 5.8 percentage points from the previous month and down 0.8 percent from December 2019. RevPAR in December was $78.63, which fell from $85.74 the month prior, but 14.8 percent above December 2019.
ADR in December was $146.72, up slightly from $144.46 the month prior and up 15.8 percent compared with December 2019.
New York City again took first for occupancy levels among STR’s top 25 markets at 82.8 percent, up from 79 percent in November. Occupancy in the city was down 6 percent from December 2019.
The city with the lowest occupancy in December among STR’s top 25 markets was Minneapolis came in at 43.8 percent, falling from 51.2 percent occupancy in November. St. Louis was at 47.6 percent, down from 52.2 percent the month prior.
San Francisco’s occupancy levels in December were 23.9 percent below 2019 levels, the steepest decline among STR’s top 25.
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Image and article originally from www.businesstravelnews.com. Read the original article here.