What is Chatham Lodging Trust Average Occupancy Rate %?
Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.
Chatham Lodging Trust's Average Occupancy Rate % for the quarter that ended in Dec. 2023 was 70.00%
, which is lower than
79.60% for the pervious quarter ended in Sep. 2023.
Chatham Lodging Trust's Average Occupancy Rate % for the annual that ended in Dec. 2023 was 74.30%
, which is higher than
71.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Chatham Lodging Trust's Average Occupancy Rate % or its related term are showing as below:
CLDT's Average Occupancy Rate % is not ranked *
in the REITs industry.
Industry Median: * Ranked among companies with meaningful Average Occupancy Rate % only.
Chatham Lodging Trust Average Occupancy Rate % Historical Data
The historical data trend for Chatham Lodging Trust's Average Occupancy Rate % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Chatham Lodging Trust Average Occupancy Rate % Chart
Competitive Comparison of Chatham Lodging Trust's Average Occupancy Rate %
For the REIT - Hotel & Motel subindustry, Chatham Lodging Trust's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Chatham Lodging Trust (NYSE:CLDT) Average Occupancy Rate % Calculation
Average Occupancy Rate % is calculated as
Average Occupancy Rate %
=
Number of Occupied Rooms
/
Number of Available Rooms
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chatham Lodging Trust (NYSE:CLDT) Average Occupancy Rate % Explanation
Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.
For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.
Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.
Chatham Lodging Trust Average Occupancy Rate % Related Terms
Thank you for viewing the detailed overview of Chatham Lodging Trust's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chatham Lodging Trust (Chatham Lodging Trust) Business Description
Chatham Lodging Trust is a U.S.-based real estate investment trust that invests in upscale extended-stay hotels. The firm operates across various states in the U.S., including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania among others. Substantially all of the company's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. Chatham Lodging LP and its subsidiaries lease the overall company's hotels. The firm operates through a single segment because of the similar economic characteristics of its hotels. Chatham's revenue streams include Room, Food and beverage, and Other. Room comprises the majority of total revenue. Chatham's hotels operate under major brands, including Hilton, Marriott, and Hyatt.
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