May 2013 Travel Industry News
As Featured in the June 2013 Travel Industry
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Travel Michigan, a division of the Michigan Economic Development Corporation, is the State of Michigan's official agency for the promotion of tourism.
CHART 1 illustrates the monthly occupancy rates of lodging properties in Michigan, Detroit, and the US, as reported by STR since the beginning of 2009. Lodging occupancy in Michigan and Detroit improved nearly every month during the past four years, and this trend continued in May 2013.
CHART 2 illustrates the month-to-same-month, one-year earlier percentage changes in occupancy rates for Michigan, Detroit and the United States since June 2009. From September 2009 through November 2011, recovery of the lodging industry in Michigan and Detroit out-paced the recovery of the lodging industry at the national level nearly every month. Stable recovery has continued in Michigan and Detroit since the beginning of 2012, with occupancies slightly out-pacing the national levels during many recent months.
In May 2013, hotel/motel occupancy in Michigan increased by 3.5%, as compared to the same month in 2012, registering 57.2%. Six states experienced lower occupancy rates than Michigan this during month.
Detroit’s hotel/motel occupancy during the month of May 2013 registered 64.5%, an increase of 6.1% over the same time in 2012. Three of the Top 25 Markets experienced lower occupancy rates than Detroit during this month, Atlanta, GA; Norfolk-Virginia Beach, VA; and Tampa-St. Petersburg, FL. Dallas, TX also registered 64.5%.
Total US hotel/motel occupancy registered 64.0% in May 2013, an increase of 1.1% over the same time last year.
May Lodging Occupancy in Michigan, Detroit, and the United States
Source: STR is based in Hendersonville, TN. They have collected monthly and daily operating data and reported on the state of the lodging industry for more than 20 years. Currently more than 23,000 hotels in the US participate in its monthly survey.
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