Sunday, May 07, 2017

Hotels: Hotel Occupancy Rate Increases Year-over-Year

by Calculated Risk on 5/07/2017 11:11:00 AM

From STR: US hotel results for week ending 29 April

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 April 2017, according to data from STR.

In comparison with the week of 24-30 April 2016, the industry reported the following:

Occupancy: +3.7% to 70.3%
• Average daily rate (ADR): +5.1% to US$127.50
• Revenue per available room (RevPAR): +8.9% to US$89.65

STR analysts attribute the level of performance growth to a comparison with Passover week last year.
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotel Occupancy RateThe red line is for 2017, dashed is 2015, blue is the median, and black is for 2009 - the worst year since the Great Depression for hotels.

2015 was the best year on record for hotels.

For hotels, occupancy will now move mostly sideways until the summer travel season.

Data Source: STR, Courtesy of