Thursday, January 06, 2011

Hotels: RevPAR up 6.6% compared to same week in 2010

by Calculated Risk on 1/06/2011 11:55:00 AM

A weekly update on hotels from HotelNewsNow.com: STR: Luxury segment tops ADR weekly increases

Overall the U.S. hotel industry’s occupancy increased 4.2% to 47.4%, ADR was up 2.3% to US$102.76, and revenue per available room finished the week up 6.6% to US$48.75.
The following graph shows the four week moving average for the occupancy rate as a percent of the median occupancy rate from 2000 through 2007.

Hotel Occupancy Rate Click on graph for larger image in graph gallery.

Note: I've changed this graph. Since this is the percent of the median from 2000 to 2007, the percent can be greater than 100%.

The down spike in 2001 was due to 9/11. The up spike in late 2005 was hurricane related (Katrina and Rita).

This shows how deep the slump was in 2009 compared to the period following the 2001 recession. This also shows hotels are recovering, but the occupancy rates are still below normal.

Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com