Employment rate down 2.4% compared to the same week in 2019

from Active calculated risk 09/22/2022 12:32:00

Hotel performance in the US increased from the previous week and showed better comparisons to 2019, according to the latest STR data through Sept. 17.

11-17 September 2022 (percentage change compared to the comparable week in 2019 *):

Employment: 69.6% (-2.4%)
• Average Daily Rate (ADR): $ 155.58 (+ 15.6%)
• Revenue per available room (RevPAR): $ 108.25 (+ 12.9%)

* Due to the impact of the pandemic, STR is measuring the recovery against comparable time periods since 2019.
emphasis added

The graph below shows the seasonal trend of the hotel occupancy rate using the average of four weeks.

Click on the graphic to enlarge the image.

The red line is for 2022, black is 2020, blue is the median and dashed blue is for 2021. The dashed purple is 2019 (STR compares to a good year for hotels).

The 4-week average of the employment rate is above the median rate of the last 20 years (blue).

Note: The Y-axis does not start from scratch to better show seasonal change.

The 4-week average occupancy rate will increase during the autumn business travel period, and then decrease in the winter.