by Calculated Risk on 7/23/2017 12:23:00 PM
Sunday, July 23, 2017
From HotelNewsNow.com: STR: US hotel results for week ending 15 July
The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 9-15 July 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 10-16 July 2016, the industry recorded the following:
• Occupancy: -0.1% to 77.4%
• Average daily rate (ADR): +1.7% to US$130.76
• Revenue per available room (RevPAR): +1.6% to US$101.15
The red line is for 2017, dash light blue is 2016, dashed orange is 2015 (best year on record), blue is the median, and black is for 2009 (the worst year since the Great Depression for hotels).
Currently the occupancy rate is tracking close to last year, and slightly behind the record year in 2015.
For hotels, occupancy will be strong over the summer.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 7/23/2017 12:23:00 PM