by Calculated Risk on 12/09/2010 04:20:00 PM
Thursday, December 09, 2010
A weekly update on hotels from HotelNewsNow.com: STR: Orlando leads weekly performance
Overall, the U.S. hotel industry’s occupancy increased 4.7% to 49.9%, ADR was up 0.5% to US$96.87, and RevPAR ended the week up 5.3% to US$48.31.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 7.8% compared to last year and 4.6% below the median for 2000 through 2007.
Note: Last week RevPAR (revenue per available room) was up compared to the same week two years ago (in 2008) for the first time this year. This week RevPAR is down 5.9% compared to 2008.
Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 12/09/2010 04:20:00 PM