This week in Hospitality & Tourism #25 2022

  • U.S. Travel forecast: All sectors projected to surge in short term

    The U.S. Travel Association released its full biannual forecast for travel through 2026—including both travel spending and volume—which projects that all segments of travel, in spite of rising inflation, will surge in the short term due to pent-up demand and consumer savings.

  • STR: U.S. hotel results for week ending 18 June

    U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June.

    • New York City (86.6%), San Diego and Seattle (85.0%) led the major markets in absolute occupancy for the week.
    • Miami posted the largest ADR gain over 2019 (+32.9% to US$203.14).

    12-18 June 2022 (percentage change from comparable week in 2019):

    • Occupancy: 71.8% (-4.8%)
    • Average daily rate (ADR): US$155.02 (+14.9%)
    • Revenue per available room (RevPAR): US$111.29 (+9.4%)
    STR Occupancy Data