Occupancy for New York Fell 7.3% As a Result of Superstorm Sandy During the Week of 28 October-3 November 2012
The markets occupancy fell to 80.5 percent compared with the same time period in 2011. Its average daily rate ended the week down 0.7 percent to US$290.78, and its revenue per available room fell 7.9 percent to US$233.94.
Year-over-year occupancy for New York fell 7.3% as a result of Superstorm Sandy during the week of 28 October-3 November 2012, according to data from STR. The storm made landfall on Monday, 29 October.
The market’s occupancy fell to 80.5 percent compared with the same time period in 2011. Its average daily rate ended the week down 0.7 percent to US$290.78, and its revenue per available room fell 7.9 percent to US$233.94.
“Arguably, the weak demand numbers for hotels in Sandy’s path may have been lifted slightly by stranded travelers and an influx of displaced people, news crews and insurance adjusters,” said Jan Freitag, senior VP of global development at STR. “It is worth noting that despite the evacuation of Lower Manhattan and the loss of power in the greater metro area of NYC, hotels in the area still sold an average eight out of 10 rooms each night.
“Part of Friday and Saturday’s occupancy results also may have been influenced by New York City Marathon runners who were in town with little advance warning of the cancellation of their big race.”
Overall, the U.S. hotel industry reported mostly negative results in the three key performance metrics. Occupancy fell 2.5 percent to 57.7 percent, ADR increased 1.2 percent to US$104.40 and RevPAR decreased 1.3 percent to US$60.22.
In addition to Hurricane Sandy, Halloween also negatively affected the overall U.S. weekly performance, putting a damper on group travel across the U.S. Nationwide occupancies declined 18.4% on Wednesday night alone, Freitag said.
- Mostly Positive Performance for Canadian Hotel Industry Week Ending 30 January 2016
- Positive Results for US Hotel Industry for Week Ending January 30th - 2016
- STR and Tourism Economics Forecast Continued Growth for U.S. Hotel Industry Through 2017
- Mixed Results for US Hotel Industry for Week Ending January 23rd - 2016
- Mixed Performance for Canadian Hotel Industry Week Ending 23 January 2016
- European Chain Hotels Market Review - December 2015
- Hotels in Melbourne Report 90.4 Percent Occupancy During Australian Open
- El 'Efecto Shakira' En La Hospitalidad - Por Osvaldo Torres Cruz
- MENA Chain Hotels Market Review - December 2015
- U.S. December Jobless Rates Down over the Year in 296 of 387 Metro Areas