Tuesday , September 17 2019
Home / Calculated Risk / Hotels: Occupancy Rate Decreased Year-over-year

Hotels: Occupancy Rate Decreased Year-over-year

Summary:
From HotelNewsNow.com: STR: US hotel results for week ending 17 AugustThe U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 11-17 August 2019, according to data from STR.In comparison with the week of 12-18 August 2018, the industry recorded the following:• Occupancy: -1.0% to 71.7%• Average daily rate (ADR): +0.4% to US0.89• Revenue per available room (RevPAR): -0.6% at US.90emphasis 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 (record year), blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels).Occupancy has been

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Nasty Number Four: Repo Chaos, TAF Makes A Comeback, and EFF Shows Us How Inept Officials Really Are

Tyler Durden writes Canadian RCMP Official’s Arrest Could Compromise ‘Five Eyes’ Intelligence Alliance

Tyler Durden writes The Risk Of A Liquidity-Driven Event Is Rising

Doug Short writes The Big Four Economic Indicators: Industrial Production Up in August

From HotelNewsNow.com: STR: US hotel results for week ending 17 August
The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 11-17 August 2019, according to data from STR.

In comparison with the week of 12-18 August 2018, the industry recorded the following:

Occupancy: -1.0% to 71.7%
• Average daily rate (ADR): +0.4% to US$130.89
• Revenue per available room (RevPAR): -0.6% at US$93.90
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotels: Occupancy Rate Decreased Year-over-yearClick 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, close to-date compared to the previous 4 years - but has been a little soft YoY in recent weeks.

Seasonally, the occupancy rate will now start to decline as the peak summer travel season ends.

Data Source: STR, Courtesy of HotelNewsNow.com

Leave a Reply

Your email address will not be published.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