Hotels: Hotel Occupancy Solid in early March

by Bill McBride on three/20/2017 03:11:00 PM

Resort occupancy has picked up in newest weeks and is now close to the doc yr (2015 was the doc).
From HotelNewsNow.com: STR: US hotel results for week ending 11 March

The U.S. resort enterprise reported optimistic ends within the three key effectivity metrics all through the week of 5-11 March 2017, in response to data from STR.
In a year-over-year comparability with the week of 6-12 March 2016:
• Occupancy: +zero.eight% to 67.4%
• Widespread every day cost (ADR): +three.9% to US$128.61
• Revenue per on the market room (RevPAR): +4.eight% to US$86.72
emphasis added

The following graph reveals the seasonal pattern for the resort occupancy cost using the four week frequent.
Hotel Occupancy RateThe pink line is for 2017, dashed is 2015, blue is the median, and black is for 2009 – the worst yr given that Good Despair for motels.
2015 was the most effective yr on doc for motels.
For motels, occupancy will now switch largely sideways until the summer season journey season.
Info Provide: STR, Courtesy of HotelNewsNow.com