by Calculated Risk on 6/24/2011 01:55:00 PM

Here is the weekly update on hotels from HotelNewsNow.com: STR: Luxury segment leads weekly increases

Overall, the U.S. hotel industry’s occupancy rose 3.7% to 69.2%, ADR increased 3.3% to US$101.73, and RevPAR finished the week up 7.2% to US$70.37.

Note: ADR: Average Daily Rate, RevPAR: Revenue per Available Room.

The following graph shows the seasonal pattern for the hotel occupancy rate using a four week average for the occupancy rate.

Click on graph for larger image in graph gallery.

The summer leisure travel season is now starting, and the occupancy rate will increase over the next few of months. Right now the occupancy rate is tracking closer to 2008 than to 2010 - and well above 2009.

Even though the occupancy rate has mostly recovered back to 2008 levels, ADR and RevPAR are below the pre-recession levels.

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

By request, here are links to the posts and graph for May Home Sales:
• New Home Sales in May at 319 Thousand SAAR
• May Existing Home Sales: 4.81 million SAAR, 9.3 months of supply
• Graph Galleries: New Home sales and Existing Home sales