Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
• Revenue per available room (RevPAR): US$65.33
The occupancy level was 1 point below the pandemic peak reached two weeks prior. The RevPAR value represented 73.1% of the comparable 2019 level, which is the closest the U.S. has come to RevPAR recovery territory in STR’s Market Recovery Monitor.
emphasis addedThe 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, and dashed light blue is for 2009 (the worst year since the Great Depression for hotels prior to 2020).
Occupancy has increased to 2009 levels - and 2009 was horrible for hotels.