by Calculated Risk on 12/09/2018 08:17:00 AM
Sunday, December 09, 2018
From HotelNewsNow.com: STR: US hotel results for week ending 1 December
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 November through 1 December 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 November through 2 December 2017, the industry recorded the following:
• Occupancy: +1.0% to 57.3%
• Average daily rate (ADR): +2.2% to US$120.23
• Revenue per available room (RevPAR): +3.3% to US$68.93
Houston, Texas, reported the steepest declines in each of the three key performance metrics: occupancy (-17.4% to 56.9%), ADR (-6.8% to US$99.64) and RevPAR (-23.1% to US$56.70).
Click on graph for larger image.
The red line is for 2018, dash light blue is 2017, blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels).
This is the fourth strong year in a row for hotel occupancy. The occupancy rate, year-to-date, is just ahead of the record year in 2017.
Seasonally, the occupancy rate will now decline through the end of the year.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 12/09/2018 08:17:00 AM