Weekly Lodging Report Shows Strong Gains in Occupancy, Average Daily Rate, and Revenue
For the week ending April 29, the Weekly Lodging Report compiled by Smith Travel Research shows strong gains in all three categories. Compared with the same week a year ago, occupancy was up 6.9%, the Average Daily Rate (ADR) was up 11.1%, and the revenue per available room (RevPAR) was up a whopping 18.7%.
While this is a survey of hotel accommodations, it is very helpful to vacation rentals. It shows that the travel industry is still booming in spite of high gas prices, and it demonstrates that vacation rentals are in a better position than ever to demonstrate that vacation rentals are a bargain compared to hotels.
