Hotels: Occupancy Rate Increased Sharply Year-over-year due to Timing of Thanksgiving

Note: Due to the timing of Thanksgiving, the occupancy rate was up sharply YoY last week, and will be down sharply YoY in the report next week.

From STR: US hotel results for week ending 23 November

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 November 2019, according to data from STR.

In comparison with the week of 18-24 November 2018, the industry recorded the following:

Occupancy: +17.7% to 61.2%
• Average daily rate (ADR): +10.8% to US$124.71
• Revenue per available room (RevPAR): +30.4% to US$76.32

STR analysts note the positive performance is due to the year-over-year comparison with the week of Thanksgiving in 2018.
emphasis added

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

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