• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Hotels: Occupancy Rate Up 5% Compared to Same Week in 2019; Record Thanksgiving Week Occupancy

by
December 2, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

EV Charging Stocks Sink After General Motors Says It Will Use Tesla’s Charging Network

Bonds Are Entering a New Era. How to Play It.

The S&P 500 has entered a bull market. Here’s what history says will happen next

by Calculated Risk on 12/02/2021 10:44:00 AM

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

From CoStar: STR: Thanksgiving Boosts US Weekly Hotel Performance
U.S. hotel performance came in higher than any other Thanksgiving week on record, according to STR’s latest data through November 27.

November 21-27, 2021 (percentage change from comparable week in 2019*):

o Occupancy: 53.0% (+4.6%)
o Average daily rate (ADR): $128.41 (+14.3%)
o Revenue per available room (RevPAR): $68.00 (+19.6%)

*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.
This was the first week with an increase over the same week in 2019.
The occupancy rate will now decline seasonally into the new year.
Next Post

The omicron panic is overdone. Buy the dips in these stocks, says JPMorgan.

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Your email address will not be published.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

Stock News

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

by
June 10, 2023
0

Read more

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

EV Charging Stocks Sink After General Motors Says It Will Use Tesla’s Charging Network

Bonds Are Entering a New Era. How to Play It.

The S&P 500 has entered a bull market. Here’s what history says will happen next

Schedule for Week of June 11, 2023

The bear market in stocks has officially ended and a new bull market has kicked off. Here’s why investors can expect more gains ahead.

Load More

All rights reserved by www.dividendstocksreport.net

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

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.