Occupancy Rate Down 7.5% Compared to Same Week in 2019

by Calculated Threat on 3/16/2023 02:07:00 PM

Helped by the onset of spring break journey, U.S. resort efficiency elevated from the earlier week, based on STR‘s newest knowledge by way of March 11.

March 5-11, 2023 (proportion change from comparable weeks in 2022, 2019):

Occupancy: 64.7% (+2.8%, -7.5%)
• Common each day charge (ADR): $158.20 (+8.1%, +16.6%)
• Income per obtainable room (RevPAR): $102.38 (+11.1%, +7.8%)
emphasis added

The next graph exhibits the seasonal sample for the resort occupancy charge utilizing the four-week common.

NOTE: Final 12 months, the occupancy charge was near regular after the primary quarter (depressed resulting from a surge in COVID), so STR will solely be evaluating to 2022 after Q1.

Click on on graph for bigger picture.

The pink line is for 2023, black is 2020, blue is the median, and dashed mild blue is for 2022.  Dashed purple is 2019 (STR is evaluating to a powerful 12 months for accommodations).

The 4-week common of the occupancy charge is near the median charge for the earlier 20 years (Blue).

Be aware: Y-axis would not begin at zero to higher present the seasonal change.

The 4-week common of the occupancy charge will improve seasonally for a pair extra weeks after which transfer extra sideways till the Summer time.