Among global regions, Asia experienced the only decline in revenue per available room (RevPAR) since 2019, according to 2022 data from STR.
“While most global Regions hit by omicron in early 2022, the recovery of top-line performance had a big impact in the second half of the year,” said Robin Rossmann, CEO of STR. “Industry resilience has been supported by significant leisure travel pent-up over the summer coupled with a return in corporate demand, as the nature and duration of this business travel has evolved. Unlike previous recessions, room rates have been the key driver of the recovery, with every region of the world except Asia showing a ADR increase from 2019. Although occupancy was below pre-pandemic level comparablethe metric is expected to stabilize throughout 2023. Despite the headwindsthe industry is operating from a position of strength in the new year.”
US$ constant currency, 2022 (percentage change compared to 2019):
Europe
- Occupancy: 64.6% (-10.5%)
- Average Daily Rate (ADR): US$148.97 (+18.5%)
- Revenue per available room (RevPAR): US$96.25 (+6.1%)
Asia
- Occupancy: 52.3% (-23.7%)
- ADR: US$84.38 (-9.9%)
- RevPAR: US$44.16 (-31.2%)
australia and oceania
- Occupancy: 63.9% (-13.6%)
- ADR: US$162.34 (+20.8%)
- RevPAR: US$103.74 (+4.3%)
middle East
- Occupancy: 63.6% (-3.3%)
- ADR: US$173.10 (+22.2%)
- RevPAR: US$110.12 (+18.2%)
Africa
- Occupancy: 54.2% (-10.7%)
- ADR: US$140.74 (+38.3%)
- RevPAR: US$76.29 (+23.5%)
North America
- Occupancy: 62.5% (-4.9%)
- ADR: US$148.39 (+13.9%)
- RevPAR: US$92.77 (+8.3%)
South America
- Occupancy: 57.0% (-3.2%)
- ADR: US$87.57 (+30.3%)
- RevPAR: US$49.93 (+26.2%)
