Hotel revenue per available room worldwide from 2015 to 2018, by region (in U.S. dollars)
Hotel occupancy rates - additional information
The occupancy rate of a hotel is the share of available rooms that are occupied or being rented during a given time. Occupancy, along with average daily rate (ADR) and revenue per available room (RevPAR), is an important indicator of a hotel’s performance. For the most part, between 2015 and 2018, the occupancy rate of hotels in the four regions has remained between 50 and 80 percent. However, there have been some occasions where occupancy has drifted outside these margins. In June 2017, for example, the occupancy rate of hotels in the Middle East and Africa fell to just 47.5 percent. Europe has exceeded a rate of 80 percent thrice during the given time frame, once in September 2015, September 2016 and again in September 2017.
It is usually easy to distinguish patterns in hotel occupancy rates. Occupancy may rise in certain markets during peak travel periods – in the U.S. this time is likely to be July, when occupancy rates can reach well into the 70s. When looking at regional occupancy rates on a full-year basis, the effects of the 2009 global recession on the hotel industry are visible. In that year, the occupancy rate fell in every region worldwide. The Americas appeared to be the hardest hit by the recession with occupancy falling to 54.7 percent, while other regions managed to keep above 60 percent for the year.
The hotel industry in the United States generated 199.3 billion U.S. dollars in 2016. In that same year, the most expensive U.S. city in terms of hotel costs was Boston with an average daily rate of 266 U.S. dollars. New York followed with an average daily rate of 258 U.S. dollars.