by Calculated Risk on 4/24/2014 03:12:00 PM
Thursday, April 24, 2014
Hotels: Occupancy Rate, RevPAR decrease in latest weekly survey
From HotelNewsNow.com: US hotels report occupancy, RevPAR decreases
The U.S. hotel industry reported occupancy and revenue-per-available-room decreases during the week of 13-19 April 2014, according to data from STR, parent company of Hotel News Now.Note: ADR: Average Daily Rate, RevPAR: Revenue per Available Room.
Overall, in year-over-year measurements, the industry’s occupancy decreased 2.7% to 62.8%. RevPAR decreased 0.3% to $70.58. Average daily rate increased 2.5% to $112.37.
emphasis added
The weekly decline was probably related to the timing of Easter, however the 4-week average of the occupancy rate is solidly above the median for 2000-2007, and is at the highest level since 2000.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
![Hotel Occupancy Rate](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMTFNnuuwoeAFyOqcJYSXSu3EShJk0lLtr0Yg3_Lrw0l88Wbb_fb0xV7-Z7MkiG7WLtaHjFP9Jom5YH_UBWx8Hxr6FKUrL2Xwk6PIjAyhHJH70PZbEqv5E7kPFT3R6IGRIrOl6/s320/HotelApril242014.jpg)
The red line is for 2014 and black is for 2009 - the worst year since the Great Depression for hotels.
Through April 19th, the 4-week average of the occupancy rate is tracking higher than pre-recession levels.
Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com