Hotel Occupancy Rates Continue to Climb

The most recent weekly Arizona tourism data provided by the Arizona Tourism Office shows hotel occupancy in the Phoenix region at 42.5% for the week of May 24–30, representing an increase of 2% over the previous week and 20% since early April. Phoenix held steady with the fourth highest occupancy rate among the Top 25 U.S. markets for the second week in a row. Occupancy is down 27% year-over-year for this time period.

Additionally, Revenue Per Available Room, or RevPAR, for the week in Phoenix also improved but is still down 38% over the same week last year. RevPAR, which is used industry-wide, is the most comprehensive measure of lodging performance.

Memorial Day

Memorial Day may have helped kick-start the summer travel season. Occupancy during the holiday was 10% higher on Friday and 13% higher on both Saturday and Sunday compared to the previous week. Slightly higher occupancy continued through the week following Memorial Day, with occupancy on Saturday, May 30 remaining close to Memorial Day. Occupancy for this Memorial Day weekend was down 27% compared to last year.