Occupancy Charge Down 4% In comparison with Similar Week in 2019

by Calculated Danger on 6/04/2021 11:46:00 AM Observe: The year-over-year occupancy comparisons are simple, since occupancy declined sharply on the onset of the pandemic.  So STR is evaluating to the identical week in 2019. The occupancy fee is down 4.2% in comparison with the identical week in 2019 (skewed by timing of Memorial Day), however


by Calculated Danger on 6/04/2021 11:46:00 AM

Observe: The year-over-year occupancy comparisons are simple, since occupancy declined sharply on the onset of the pandemic.  So STR is evaluating to the identical week in 2019.

The occupancy fee is down 4.2% in comparison with the identical week in 2019 (skewed by timing of Memorial Day), however the 4-week common continues to be down considerably in comparison with regular.

Boosted by the Friday and Saturday of Memorial Day weekend, U.S. weekly resort occupancy reached its highest degree since late-February 2020, in accordance with STR‘s newest information by means of 29 Might.

23-29 Might 2021 (proportion change from comparable week in 2019*):

Occupancy: 61.8% (-4.2%)
• Common every day fee (ADR): US$122.06 (-1.6%)
• Income per accessible room (RevPAR): US$75.42 (-5.7%)


Share modifications had been skewed extra to the optimistic as a result of the 2019 comparable was the week after Memorial Day
. Regardless, this previous Saturday’s 83.0% occupancy degree was the nation’s highest since October 2019. Weekly ADR and RevPAR had been boosted to pandemic-era highs as properly. STR analysts observe that whereas the positives round leisure demand are apparent headed into the summer season, the trail to restoration stays a rollercoaster with a lack of enterprise journey, each home and worldwide, stopping resorts in lots of markets from making up extra of the bottom misplaced in 2020.
emphasis added

The next graph reveals the seasonal sample for the resort occupancy fee utilizing the 4 week common.

Click on on graph for bigger picture.

The pink line is for 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed mild blue is for 2009 (the worst yr on document for resorts previous to 2020).

Occupancy is now above the horrible 2009 ranges and weekend occupancy (leisure) has leisure has been strong.

Observe: Y-axis does not begin at zero to higher present the seasonal change.



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