Monday, June 26, 2017

Hotels: Hotel Occupancy down slightly Year-over-Year

by Bill McBride on 6/26/2017 04:11:00 PM

From HotelNewsNow.com: STR: US hotel results for week ending 17 June

The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 11-17 June 2017, according to data from STR.

In comparison with the week of 12-18 June 2016, the industry recorded the following:

Occupancy: -0.3% to 74.3%
• Average daily rate (ADR): +1.7% to US$129.32
• Revenue per available room (RevPAR): +1.4% to US$96.10
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotel Occupancy RateThe red line is for 2017, dashed is 2015 (best year on record), blue is the median, and black is for 2009 (the worst year since the Great Depression for hotels).

Currently the occupancy rate is tracking close to last year, and just behind the record year in 2015.

For hotels, occupancy will increase further during the summer travel season.

Data Source: STR, Courtesy of HotelNewsNow.com