Sunday, February 10, 2019

Hotels: Occupancy Rate Increased Slightly Year-over-year

by Calculated Risk on 2/10/2019 10:32:00 AM

From HotelNewsNow.com: STR: US hotel results for week ending 2 February

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 January through 2 February 2019, according to data from STR.

In comparison with the week of 28 January through 3 February 2018, the industry recorded the following:

Occupancy: +0.1% to 56.7%
• Average daily rate (ADR): +2.3% to US$124.95
• Revenue per available room (RevPAR): +2.4% to US$70.83

STR analysts note that results were more stabilized than in recent weeks as the government shutdown ended.
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotel Occupancy RateClick on graph for larger image.

The red line is for 2019, dash light blue is 2018, blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels).

A solid start for 2019.

Seasonally, the occupancy rate will increase over the next couple of months.

Data Source: STR, Courtesy of HotelNewsNow.com