Occupancy Fee Down 16% In comparison with Identical Week in 2019

by Calculated Danger on 5/20/2021 11:19:00 AM Word: The year-over-year occupancy comparisons are straightforward, since occupancy declined sharply on the onset of the pandemic. Nevertheless, occupancy remains to be down considerably from regular ranges. The occupancy price is down 16.4% in comparison with the identical week in 2019. U.S. weekly lodge occupancy reached its second-highest


by Calculated Danger on 5/20/2021 11:19:00 AM

Word: The year-over-year occupancy comparisons are straightforward, since occupancy declined sharply on the onset of the pandemic. Nevertheless, occupancy remains to be down considerably from regular ranges.

The occupancy price is down 16.4% in comparison with the identical week in 2019.

U.S. weekly lodge occupancy reached its second-highest stage for the reason that begin of the pandemic, in line with STR‘s newest information by Could 15.

Could 9-15, 2021 (proportion change from comparable week in 2019*):

Occupancy: 59.1% (-16.4%)
• Common day by day price (ADR): US$113.54 (-15.4%)
• Income per obtainable room (RevPAR): US$67.05 (-29.2%)

Friday/Saturday occupancy got here in greater than any weekend since Valentine’s Day weekend in 2020. Moreover, ADR reached its highest level of the pandemic however was nonetheless US$20 lower than the corresponding week in 2019.
emphasis added

The next graph exhibits the seasonal sample for the lodge occupancy price 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, and dashed mild blue is for 2009 (the worst 12 months on report for motels previous to 2020).

Occupancy is now barely above the horrible 2009 ranges.

Word: Y-axis does not begin at zero to raised present the seasonal change.



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