by Calculated Risk on 3/11/2018 10:23:00 AM
Sunday, March 11, 2018
From HotelNewsNow.com: STR: US hotel results for week ending 3 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 February through 3 March 2018, 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 26 February through 4 March 2017, the industry recorded the following:
• Occupancy: +1.7% to 65.9%
• Average daily rate (ADR): +2.3% to US$126.06
• Revenue per available room (RevPAR): +4.1% to US$83.04
Click on graph for larger image.
The red line is for 2018, dash light blue is 2017 (record year due to hurricanes), blue is the median, and black is for 2009 (the worst year since the Great Depression for hotels).
Currently the occupancy rate, to date, is fifth overall - and slightly ahead of the record year in 2017 (2017 finished strong due to the impact of the hurricanes).
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 3/11/2018 10:23:00 AM