Friday, December 27, 2019

Hotels: Occupancy Rate Increased Year-over-year

by Calculated Risk on 12/27/2019 05:46:00 PM

From HotelNewsNow.com: STR: US hotel results for week ending 21 Decembe

he U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 December 2019, according to data from STR.

In comparison with the week of 16-22 December 2018, the industry recorded the following:

Occupancy: +5.9% to 50.1%
• Average daily rate (ADR): +1.8% to US$108.96
• Revenue per available room (RevPAR): +7.8% to US$54.55
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).

A solid finish to the year puts the average occupancy rate in 2019 just behind the record rate in 2018.   Another strong year for hotels.

Seasonally, the 4-week average of the occupancy rate will decline into January.

Data Source: STR, Courtesy of HotelNewsNow.com