Room demand (21.0 million) was the highest ever for the period, beating the record set a year ago (20.7 million). Looking at the seven days of the holiday period (25-31 December) across the past 23 years, this year’s occupancy was behind five others, led by 2018 (55.0%), but ahead of 2021 (53.7%) and nearly equal to 2019. The city had the highest occupancy of any market for December (83.2%) and the fourth quarter (82.2%). Gatlinburg/Pigeon Forge (87.6%) had the nation’s highest occupancy followed by the Florida Keys (86.8%) and New York City (84.3%). Real ADR and RevPAR were both above 2019 but slightly trailed what was seen a year ago.įorty markets, including Atlanta, Boston, and Chicago, saw their highest occupancy ever for the last reporting week of the year. While not a record high, nominal RevPAR (US$91) was the highest versus comparable holiday weeks. Nominal revenue per available room (RevPAR) was up 4.2% YoY to US$91. Nominal average daily rate (ADR) reached an all-time high, surpassing the previous record that was set a year ago and increasing 4.4% year over year (YoY) to US$167. As compared to the three other years that matched exactly with the day of the week for Christmas and New Year’s Eve, this year’s occupancy was the second highest. This year’s room demand, however, was the highest ever for the week. hotel occupancy for the last week of 2022 reached 54.2%, which was the fourth highest level recorded for the comparable week over the past 23 years. Aruba, Barbados, Fiji, Curacao, and the United Arab Emirates eclipsed 80% occupancy.Canada, France, Mexico, and the United Kingdom led occupancy gains over 2019 comparables.average daily rate (ADR) reached a record-high on a nominal basis, led by Hawaii markets. Airport hotels saw an occupancy lift due to Southwest flight disruptions. room demand reached an all-time high for the 25-31 December holiday period. Moving forward, Las Vegas will replace Norfolk/Virginia Beach in the Top 25. Beginning 13 January, the MRM will be replaced by a new series, “STR Weekly Insights.” This is also the final weekly analyses to utilize STR’s current non-participant modeling methodology and U.S. Note: This is the final edition of the Market Recovery Monitor.
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