STR: Full RevPar recovery in most global regions in 2022
Among the global regions, Asia saw the only decline in revenue per available room from 2019
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, according to STR data.
- The industry’s resilience has been underpinned by significant pent-up leisure travel;
- The return of corporate demand, with the nature and length of business travel evolving;
- Though occupancy came in below the pre-pandemic comparables, room rates have been the key driver of recovery.
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