Friday, October 25, 2019

Hotels: Occupancy Rate Decreased Year-over-year

by Calculated Risk on 10/25/2019 10:33:00 AM

From HotelNewsNow.com: STR: US hotel results for week ending 19 October

The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 13-19 October 2019, according to data from STR.

In comparison with the week of 14-20 October 2018, the industry recorded the following:

Occupancy: -0.9% to 72.4%
• Average daily rate (ADR): +0.2% to US$135.99
• RRevenue per available room (RevPAR): -0.7% to US$98.51
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 (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, and close to-date compared to the previous 4 years.

However occupancy will be lower this year than in 2018 (the record year).

Seasonally, the 4-week average of the occupancy rate will now move mostly sideways during the Fall business travel season - and then decline in the winter.

Data Source: STR, Courtesy of HotelNewsNow.com