• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Hotels: Occupancy Rate Down 6% Compared to Same Week in 2019

by
November 4, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Goldman sees debt limit fight possibly hitting stocks this summer

WHO says Covid remains a global emergency but pandemic could near its end in 2023

How analysts are playing gig economy stocks ahead of earnings

I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 3 of the easiest ways you can catch up (and fast)

by Calculated Risk on 11/04/2021 11:20:00 AM

Note: Since occupancy declined sharply at the onset of the pandemic, CoStar is comparing to 2019.

From CoStar: STR: Tampa Leads Top 25 US Markets in Weekly Performance
As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR’s latest data through 30 October.

Oct. 24-30, 2021 (percentage change from comparable week in 2019*):

o Occupancy: 58.9% (-5.7%)
o Average daily rate (ADR): US$127.70 (+1.5%)
o evenue per available room (RevPAR): US$75.28 (-4.3%)

Even with a drop in performance levels from previous weeks, comparisons with the matching week in 2019 improved because Halloween that year fell on a Thursday and created a more significant disruption in business travel and groups.

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

emphasis added

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 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).

Note: Y-axis doesn’t start at zero to better show the seasonal change.
The occupancy rate will now decline seasonally into the new year.
Next Post

Bezos' Blue Origin loses lawsuit against NASA over SpaceX lunar lander contract

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Goldman sees debt limit fight possibly hitting stocks this summer

by
January 30, 2023
0

The actions of the Federal Reserve have been driving markets for the better part of the year, but investors may...

Read more

Goldman sees debt limit fight possibly hitting stocks this summer

How analysts are playing gig economy stocks ahead of earnings

WHO says Covid remains a global emergency but pandemic could near its end in 2023

If you want to be really rich, use these 3 Warren Buffett investing techniques that no one talks about

I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 3 of the easiest ways you can catch up (and fast)

Genius Brands stock soars after plans to spinoff $37 million Entrepreneur Resorts subsidiary

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews