Weekly Lodging Report Shows Occupancy Flat, But Daily Rates and Revenue UP
The Weekly Lodging Report published by Smith Travel Research for the week ending May 13 shows that occupancy is only up slightly over the same week a year ago. However, the Average Daily Rate (ADR) is up 7.2% and Revenue per Available Room (RevPAR) is up 7.3% over the same week a year ago.
This period of May is traditionally a rather slow travel period, just before millions of Americans will hit the highways and airlines for a Memorial Day break. Those with children are waiting for the kids to get out of school. The fact that the lodging numbers are this strong in May bodes well for the summer travel season. Our own experience has been that we have been almost completely booked in May, and we have reports of other vacation rentals with a similar experience.
