Tag Archives: hotel occupancy rate

Weekly Hotel Occupancy Rate Above 75 Percent for the First Time Since 2007

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Time for a quick check with one of our favorite blogs on economics, Calculated Risk.  For the first time since 2007, weekly hotel occupancy topped 75 percent!  It is amazing to follow the CR chart, which shows the median of 2000 to 2007 and compares it with 2009 (the worst year since the great depression) and 2011 and 2012.  From Calculated Risk:

This could be the peak weekly occupancy rate for 2012 (the 4-week average will move up some more). Overall occupancy is back to normal, and will probably move higher over the next couple of years since there is limited new supply being built. 

Line graph showing hotel occupancy rates by week of year for 2009, 2011, and 2012, compared to the 2000-2007 median. 2009 rates are lowest; 2011 and 2012 are above the median. Median occupancy rate highlighted at 63%.

Now, if we could only work on getting those average daily rates back!

Source:  Calculated Risk