Hotels: Occupancy Rate Increased Year-over-year
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.The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
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.
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 - 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