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<a href="https://www.nrn.com/independent-restaurants/sba-distributing-another-83-million-restaurant-revitalization-fund-money">The SBA is distributing another $83 million in Restaurant Revitalization Fund money</a>
Just before the Thanksgiving holiday, the U.S. Small Business Administration announced that the government agency would be distributing $83 million in unobligated Restaurant Revitalization Fund money to 169 restaurant operators with pending RRF applications.
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<a href="https://str.com/press-release/str-us-hotel-results-week-ending-26-november">STR: U.S. hotel results for week ending 26 November</a>
Due to the Thanksgiving holiday, U.S. hotel performance came in lower than the previous week and showed mixed comparisons to 2019, according to STR‘s latest data through 26 November.
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<li>Among the Top 25 Markets, Minneapolis reported the largest occupancy increase over 2019 (+7.6% to 42.0%).</li>
<li>Phoenix posted the highest ADR (+42.7% to US$151.24) and RevPAR (+44.8% to US$85.05) increases over 2019.</li>
<li>San Francisco (-21.0% to US$73.73) registered the only RevPAR decrease from 2019.</li>
</ul>
20-26 November 2022 (percentage change from comparable week in 2019):
<ul>
<li>Occupancy: 50.4% (-0.5%)</li>
<li>Average daily rate (ADR): US$135.49 (+20.4%)</li>
<li>Revenue per available room (RevPAR): US$68.27 (+19.9%)</li>
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<img src="/images/blogimages/2022-week-48-occupancy.png" alt="STR Occupancy Data" width="1200" height="675">
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</ul>

This week in Hospitality & Tourism #48 2022