The coronavirus (COVID-19) pandemic is causing the hotel industry across the globe to take a hit. In the United States, this can be seen through a year-over-year decrease in some of the most important key performance indicators in the industry: occupancy, revenue per available room (RevPAR), and average daily rate (ADR). In the week ending December 25, 2021, U.S. hotels had an occupancy of 44.31 percent, showing a year-over-year decrease of 8.7 percent. Meanwhile, ADR dropped to 129.67 U.S. dollars, reflecting an increase of 0.5 percent on the previous year. Lastly, a RevPAR of 57.46 U.S. dollars showed a year-on-year drop of 8.3 percent.
Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021
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Hospitality Net. (December 31, 2021). Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021 [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/
Hospitality Net. "Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021." Chart. December 31, 2021. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/
Hospitality Net. (2021). Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021. Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/
Hospitality Net. "Impact on The Hotel Industry's Key Performance Indicators in The United States Due to The Coronavirus (Covid-19) Pandemic for The Week Ending December 25, 2021." Statista, Statista Inc., 31 Dec 2021, https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/
Hospitality Net, Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021 Statista, https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/ (last visited October 08, 2024)
Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021 [Graph], Hospitality Net, December 31, 2021. [Online]. Available: https://www.statista.com/statistics/1109880/coronavirus-hotel-sector-kpis/