by Calculated Risk on 3/24/2019 12:31:00 PM
Sunday, March 24, 2019
From HotelNewsNow.com: STR: U.S. hotel results for week ending 16 March
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 March 2019, 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 11-17 March 2018, the industry recorded the following:
• Occupancy: -0.9% to 70.2%
• Average daily rate (ADR): +0.6% to US$134.50
• Revenue per available room (RevPAR): -0.3% to US$94.40
Click 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 decent start for 2019 - close, but slightly lower occupancy rate, to-date, compared to the previous 4 years.
Seasonally, the occupancy rate will mostly move sideways during the Spring travel season, and then increase during the Summer.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 3/24/2019 12:31:00 PM