by Calculated Risk on 5/26/2019 10:14:00 AM
From HotelNewsNow.com: STR: US hotel results for week ending 18 May
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 May 2019, according to data from STR.
In comparison with the week of 13-19 May 2018, the industry recorded the following:
• Occupancy: +0.8% to 70.8%
• Average daily rate (ADR): +1.4% to US$134.36
• Revenue per available room (RevPAR): +2.2% to US$95.13
The 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 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 for several more weeks, and then increase during the Summer travel season.
Data Source: STR, Courtesy of HotelNewsNow.com