by Calculated Risk on 12/13/2019 03:10:00 PM
Friday, December 13, 2019
From HotelNewsNow.com: STR: US hotel results for week ending 7 December
The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 1-7 December 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 2-8 December 2018, the industry recorded the following:
• Occupancy: -0.2% to 60.3%
• Average daily rate (ADR): +1.6% to US$128.66
• Revenue per available room (RevPAR): +1.4% to US$77.56
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, 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 decline into January.
Data Source: STR, Courtesy of HotelNewsNow.com
Posted by Calculated Risk on 12/13/2019 03:10:00 PM