by Calculated Risk on 5/11/2017 11:41:00 AM
Thursday, May 11, 2017
Hotels: Occupancy Rate Increases Year-over-Year
From HotelNewsNow.com: STR: US hotel results for week ending 6 May
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 30 April to 6 May 2017, according to data from STR.The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
In comparison with the week of 1-7 May 2016, the industry reported the following:
• Occupancy: +3.3% to 67.9%
• Average daily rate (ADR): +2.4% to US$126.67
• Revenue per available room (RevPAR): +5.8% to US$85.96
STR analysts note that performance growth was particularly strong on Friday and Saturday due to a comparison with Mother’s Day weekend a year ago.
emphasis added
2015 was the best year on record for hotels.
For hotels, the occupancy rate will now move mostly sideways until the summer travel season.
Data Source: STR, Courtesy of HotelNewsNow.com