U.S. Hotels: Occupancy Rate Declined 38% Year-over-year

[Commonground]

by Calculated Risk on 7/16/2020 11:01:00 AM

From HotelNewsNow.com: STR: US hotel results for week ending 11 July

U.S. hotel performance data for the week ending 11 July showed mostly flat occupancy and lower room rates from the previous week, according to STR.

5-11 July 2020 (percentage change from comparable week in 2019):

• Occupancy: 45.9% (-38.0%)
• Average daily rate (ADR): US$97.33 (-26.8%)
• Revenue per available room (RevPAR): US$44.67 (-54.6%)
emphasis added​

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Continued: https://www.calculatedriskblog.com/2...lculated+Risk)

 

[Commonground]

As hotel industry flounders, temporary layoffs threaten to become permanent

By Rebecca Cooper – Digital Editor, Washington Business Journal
23 minutes ago
The initial round were billed as furloughs. The next round probably won't be.

paywall. https://www.bizjournals.com/washingt...permanent.html