Hotel Occupancy Rate Continues to Improve

In year-over-year comparisons for the week, occupancy rose 4.1 percent to 66.8 percent, average daily rate increased 4.0 percent to US$107.24, and revenue per available room finished the week up 8.3 percent to US$71.65, reports HotelNewsNow.com.

In the chart above, the sharp decline in 2001 was related to 9/11, and the sharp increase towards the end of 2005 was due to Hurricane Katrina. The occupancy rate collapsed in 2008 as a result of the recession, and has slowly recovered back to the median, another indication that a recovery is in progress. A Fed money printing manipulated recovery, though it may be.

(htCalculatedRisk)