Monday , June 17 2019
Home / Calculated Risk / Hotels: Occupancy Rate Increased Year-over-year

Hotels: Occupancy Rate Increased Year-over-year

Summary:
From HotelNewsNow.com: STR: US hotel results for week ending 6 April The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 March through 6 April 2019, according to data from STR.In comparison with the week of 1-7 April 2018, the industry recorded the following:• Occupancy: +0.4% to 68.7%• Average daily rate (ADR): +1.5% to US0.79• Revenue per available room (RevPAR): +1.9% to US.90STR analysts note that performance growth was lifted due to comparison with Easter Sunday and the days immediately following in 2018.emphasis addedThe following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for larger image.The red line is for 2019, dash light blue is 2018, blue

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Tyler Durden writes Harvard Rescinds Admission For Conservative Parkland Survivor Who Used N-Word

Tyler Durden writes Cell Tower Shutdown After Complaints About Cancer-Cluster In School Kids

Tyler Durden writes Power Mostly Restored After ‘Unprecedented’ Blackout In Argentina; Not Ruling Out Cyberattack

Tyler Durden writes America Has Enough Uranium To Power Country For 100 Years

From HotelNewsNow.com: STR: US hotel results for week ending 6 April
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 March through 6 April 2019, according to data from STR.

In comparison with the week of 1-7 April 2018, the industry recorded the following:

Occupancy: +0.4% to 68.7%
• Average daily rate (ADR): +1.5% to US$130.79
• Revenue per available room (RevPAR): +1.9% to US$89.90

STR analysts note that performance growth was lifted due to comparison with Easter Sunday and the days immediately following in 2018.
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotels: Occupancy Rate Increased Year-over-yearClick 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 - close, to-date, compared to the previous 4 years.

Seasonally, the occupancy rate will mostly move sideways during the Spring travel season, and then increase during the Summer.

Data Source: STR, Courtesy of HotelNewsNow.com

Leave a Reply

Your email address will not be published. Required fields are marked *