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Sunday, December 24, 2017

Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year

by Calculated Risk on 12/24/2017 11:00:00 AM

From STR: US hotel results for week ending 16 December

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from STR.

In comparison with the week of 11-17 December 2016, the industry recorded the following:

Occupancy: +4.5% to 56.4%
• Average daily rate (ADR): +3.5% to US$115.67
• Revenue per available room (RevPAR): +8.1% to US$65.24
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, 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).

This is seasonally the weakest time of the year for hotel occupancy.

With the year almost over, the annual occupancy rate is ahead of the previous record year in 2015.  The strong finish to the year was  due to the impact of the hurricanes.

Data Source: STR, Courtesy of