This week in Hospitality & Tourism #12 2022

  • Increased Menu Prices Deter Guests As Rapid Check Growth Continues

    Sales growth was 2.7% in February, an improvement of 3.5 percentage points from January’s disappointing -0.8% growth and the 2.1% sales growth reported in December. Behind this decline in sales growth is a similar slowdown in guest counts. Traffic growth was -13.8% in February. Despite decline in traffic, sales growth improved over twice the rate of traffic in February, as average guest check growth accelerated again. Skyrocketing check growth remains a concern for traffic recovery, especially in light of rapidly rising prices throughout the economy, which continue to erode consumer purchasing power.

    Restaurant Performance
  • STR: U.S. hotel results for week ending 19 March

    Lifted by Spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through 19 March.

    Among the Top 25 Markets, Miami showed the largest increase over 2019 in each of the three key performance metrics: occupancy (+3.1% to 87.8%), ADR (+39.2% to US$348.95) and RevPAR (+43.5% to US$306.49).

    13-19 March 2022 (percentage change from comparable week in 2019):

    • Occupancy: 66.9% (-3.7%)
    • Average daily rate (ADR): US$151.63 (+13.6%)
    • Revenue per available room (RevPAR): US$101.44 (+9.5%)
    STR Occupancy Data