STR: April U.S. Hotel Rates Push Higher

April U.S. lodge efficiency continued its rally from an early 2022 hunch, in keeping with hospitality analysis agency STR, and the common every day charge reached one other document excessive.

The general April U.S. ADR was $149.90, up 14 % from April 2019 ranges and up from $146.61 in March 2022. The April ADR was a document excessive, in keeping with STR, and when adjusted for inflation, it is 0.7 % above the 2019 determine. 

April U.S. occupancy was 65.5 %, down 3.3 % from April 2019 and up from 64 % in March 2022. That occupancy determine was the best month-to-month degree since July 2021, in keeping with STR, as was the April income per obtainable room determine of $98.20. RevPAR was up 10.2 % from April 2019.

STR indicated its high 25 U.S. markets recorded greater occupancy and charges than the remainder of the nation, a pattern it attributed to “continued enchancment in enterprise journey and group.”

Miami recorded the best occupancy amongst STR’s high 25 markets at 80.9 %, down 0.2 % from April 2019. Minneapolis reported the bottom occupancy at 52.5 %, which was down 22.4 % from 2019. 

RELATED: March U.S. Hotel Performance