From HotelNewsNow.com: STR: Boston leads weekly numbers Overall, the U.S. industry’s occupancy ended the week with a 5.9-percent increase to 59.9 percent, average daily rate dropped 1.6 percent to US$98.29, and RevPAR was up 4.2 percent to US$58.89. The following graph shows the occupancy rate by week since 2000, and the rolling 52 week average occupancy rate
From HotelNewsNow.com: San Francisco leads weekly results Overall the U.S. industry’s occupancy ended the week with a 2.5-percent increase to 55.3 percent, ADR dropped 4.7 percent to US$96.06, and RevPAR fell 2.3 percent to US$53.15. The following graph shows the occupancy rate by week since 2000, and the rolling 52 week average occupancy rate.
From the NAR: Pending Home Sales Down; Severe Weather Impacting Market The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December … “We will see weak near-term sales followed by a likely surge of existing-home sales in April, May and June,” [Lawrence Yun, NAR chief economist] said. “The real question is what happens in the second half of the year.” The Pending Home Sales Index isn’t perfect, but this does generally lead existing home sales by about 45 days
Jan 28
The good news for hotels is it appears the occupancy rate might be near the bottom.
