While most global regions were impacted by omicron in early 2022, top-line performance recovery made big waves in the latter half of the year. The industry's resilience has been underpinned by significant pent-up leisure travel over the summer along with the return of corporate demand, as the nature and length of this business travel has evolved. Unlike previous downturns, room rates have been the key driver of recovery as each of the global regions, excluding
US$ constant currency, 2022 (percentage change from 2019):
Occupancy: 64.6% (-10.5%)
Average daily rate (ADR):
Revenue per available room (RevPAR):
Occupancy: 52.3% (-23.7%)
ADR:
RevPAR:
Occupancy: 63.9% (-13.6%)
ADR:
RevPAR:
Occupancy: 63.6% (-3.3%)
ADR:
RevPAR:
Occupancy: 54.2% (-10.7%)
ADR:
RevPAR:
Occupancy: 62.5% (-4.9%)
ADR:
RevPAR:
Occupancy: 57.0% (-3.2%)
ADR:
RevPAR:
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in
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