by Bill McBride on 12/02/2010 11:50:00 PM
Thursday, December 02, 2010
From HotelNewsNow.com: STR: Upscale segment reports strong weekly gains
Overall, the industry’s occupancy increased 7.0% to 43.6%, ADR was up 2.9% to US$87.53, and RevPAR ended the week up 10.1% to US$38.16.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 8.2% compared to last year and 4.2% below the median for 2000 through 2007.
Note: For the first time this year, RevPAR (revenue per available room) was up compared to the same week two years ago (in 2008).
Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com
Posted by Bill McBride on 12/02/2010 11:50:00 PM