Monday, June 05, 2017

Hotels: Hotel Occupancy up Year-over-Year

by Bill McBride on 6/05/2017 03:07:00 PM

From HotelNewsNow.com: STR: US hotel results for week ending 27 May

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 21-27 May 2017, according to data from STR.

In comparison with the week of 22-28 May 2016, the industry recorded the following:

Occupancy: +0.5% to 70.3%
• Average daily rate (ADR): +2.5% to US$127.47
• Revenue per available room (RevPAR): +3.1% to US$89.67
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).

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

Data Source: STR, Courtesy of HotelNewsNow.com