by Calculated Risk on 7/22/2019 10:34:00 AM
Monday, July 22, 2019
From HotelNewsNow.com: STR: US hotel results for week ending 13 July
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 7-13 July 2019, according to data from STR.The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
n comparison with the week of 8-14 July 2018, the industry recorded the following:
• Occupancy: -2.4% to 74.2%
• Average daily rate (ADR): -0.6% to US$132.24
• Revenue per available room (RevPAR): -2.9% to US$98.08
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 stay at a high level during the Summer travel season.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 7/22/2019 10:34:00 AM