by Calculated Risk on 2/17/2019 11:24:00 AM
Sunday, February 17, 2019
Hotels: Occupancy Rate Increased Slightly Year-over-year
From HotelNewsNow.com: STR: US hotel results for week ending 9 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 February 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 4-10 February 2018, the industry recorded the following:
• Occupancy: +0.2% to 59.9%
• Average daily rate (ADR): +1.5% to US$126.68
• Revenue per available room (RevPAR): +1.7% to US$75.84
emphasis added
Click on graph for larger image.
The red line is for 2019, dash light blue is 2018, blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels).
A decent start for 2019.
Seasonally, the occupancy rate will increase over the next couple of months.
Data Source: STR, Courtesy of HotelNewsNow.com