Revenue per available room of the U.S. hotel industry 2001-2022

The revenue per available room (RevPAR) of the United States hotel industry was 93.27 U.S. dollars in 2022. This figure reflects an increase over the RevPAR of the previous two years which were impacted by the coronavirus (COVID-19) pandemic.

What is RevPAR?

Revenue per available room (RevPAR) is a key metric in the hospitality industry. RevPAR is calculated by multiplying the average daily rate (ADR) and the occupancy rate of a hotel. Calculating RevPAR can help hotels with things such as comparing their performance to their competitors and measuring their revenue generating performance to accurately price rooms.

Impact of COVID-19 on the tourism industry

The coronavirus (COVID-19) pandemic massively impacted in the tourism industry across the globe. Governments imposed travel restrictions, including border closures, in an attempt to reduce the spread of the virus. As a result, the projected number of domestic leisure trips that Americans took in 2020 reflected a 23.7 percent decrease compared to the previous year. Furthermore, domestic business trips also plummeted in that year.