by Bill McBride on 9/02/2010 02:30:00 PM
Thursday, September 02, 2010
Hotel occupancy is one of several industry specific indicators I follow ...
From HotelNewsNow.com: STR: Chain scales report weekly increases
Overall, the industry’s occupancy increased 10.6% to 60.1%, ADR rose 2.4% to US$96.50, and revenue per available room increased 13.2% to US$57.98.The following graph shows the four week moving average for the occupancy rate by week for 2008, 2009 and 2010 (and a median for 2000 through 2007).
Click on graph for larger image in new window.
Notes: the scale doesn't start at zero to better show the change. The graph shows the 4-week average, not the weekly occupancy rate.
On a 4-week basis, occupancy is up 7.9% compared to last year (the worst year since the Great Depression) and 3.9% below the median for 2000 through 2007.
The occupancy rate is just below the levels of 2008 - but 2008 was a tough year for the hotel industry!
Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com
Posted by Bill McBride on 9/02/2010 02:30:00 PM