by Calculated Risk on 6/21/2019 03:22:00 PM
Friday, June 21, 2019
From HotelNewsNow.com: STR: US hotel results for week ending 15 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 9-15 June 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 10-16 June 2018, the industry recorded the following:
• Occupancy: -0.6% to 73.7%
• Average daily rate (ADR): +1.9% to US$134.59
• Revenue per available room (RevPAR): +1.3% to US$99.22
Click on graph for larger image.
The red line is for 2019, dash light blue is 2018 (record year), blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels).
Occupancy has been solid in 2019, close - to-date - compared to the previous 4 years.
Seasonally, the occupancy rate will now increase during the Summer travel season.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 6/21/2019 03:22:00 PM