by Calculated Risk on 5/28/2011 10:02:00 PM
Saturday, May 28, 2011
Here is the weekly update on hotels from HotelNewsNow.com: US hotels post 11.6% weekly RevPAR gain
The U.S. hotel industry recorded an 11.6% revenue-per-available-room gain for the week ending 21 May 2011, according to data from STR.Note: ADR: Average Daily Rate, RevPAR: Revenue per Available Room.
The increase pushed RevPAR to US$67.52 for the week. The industry’s occupancy rose 6.2% to 65.4%, and its average daily rate increased 5.1% to US$103.23.
"The U.S. hotel industry reported its strongest weekly performance since early April," said Steve Hood, senior VP at STR.
Click on graph for larger image in graph gallery.
This graph shows the seasonal pattern for the hotel occupancy rate using a four week average for the occupancy rate.
Back in March the four week average was almost back to 2008 levels, but then hotels hit a soft patch. Over the last couple of weeks, the occupancy rate has increased again - and the four week average is now back close to 2008 levels.
Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com
• Summary for Week Ending May 27th
• Schedule for Week of May 29th
Posted by Calculated Risk on 5/28/2011 10:02:00 PM