Most international areas confirmed full RevPAR restoration in 2022

Among the many international areas, Asia noticed the one decline in income per obtainable room (RevPAR) from 2019, in response to 2022 information from STR.

“Whereas most international areas have been impacted by omicron in early 2022, top-line efficiency restoration made large waves within the latter half of the yr,” mentioned Robin Rossmann, STR’s managing director. “The business’s resilience has been underpinned by vital pent-up leisure journey over the summer time together with the return of company demand, as the character and size of this enterprise journey has developed. Not like earlier downturns, room charges have been the important thing driver of restoration as every of the worldwide areas, excluding Asia, confirmed an ADR improve over 2019. Although occupancy got here in under the pre-pandemic comparables, the metric is anticipated to stabilize all through 2023. Regardless of financial headwinds, the business is working from a place of energy within the new yr.”     

US$ fixed foreign money, 2022 (share change from 2019):

Europe

• Occupancy: 64.6% (-10.5%)
• Common day by day price (ADR): US$148.97 (+18.5%)
• Income per obtainable 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 & Oceania

• Occupancy: 63.9% (-13.6%)
• ADR: US$162.34 (+20.8%)
• RevPAR: US$103.74 (+4.3%)

Center 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%)