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Sunday, June 05, 2011

Hotels: Occupancy Rate continues to recover after weak April and early May

by Calculated Risk on 6/05/2011 09:07:00 AM

Here is the weekly update on hotels from STR: US performance for week ending 28 May

In year-over-year comparisons, occupancy rose 4.9 percent to 64.2 percent, average daily rate increased 3.8 percent to US$100.93, and revenue per available room finished the week up 8.9 percent to US$64.81.
Note: ADR: Average Daily Rate, RevPAR: Revenue per Available Room.

Hotel Occupancy RateClick 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 again - and is even close to normal just as the summer travel season is about to begin.

However, ADR and RevPAR are still well below the pre-recession levels. ADR is about 7% below the level of the same week in 2008.

Data Source: Smith Travel Research, Courtesy of

Earlier ...
Summary for Week Ending June 3rd
Schedule for Week of June 5th