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Calculated Risk: Hotels: Occupancy Rate Down 17% Compared to Same Week in 2019


• Revenue per available room (RevPAR): US$62.50
Demand was up week over week, but
an increase in supply from both reopenings and new properties pulled national occupancy down. Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.
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 on record for hotels prior to 2020).
Occupancy is now slightly above the horrible 2009 levels. ....

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