What is Service Properties 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.
Service Properties Trust's Average Occupancy Rate % for the quarter that ended in Mar. 2024 was 56.30%
, which is lower than
57.40% for the pervious quarter ended in Dec. 2023.
Service Properties Trust's Average Occupancy Rate % for the annual that ended in Dec. 2023 was 62.50%
, which is higher than
61.30% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Service Properties Trust's Average Occupancy Rate % or its related term are showing as below:
SVC's Average Occupancy Rate % is not ranked *
in the REITs industry.
Industry Median: * Ranked among companies with meaningful Average Occupancy Rate % only.
Service Properties Trust Average Occupancy Rate % Historical Data
The historical data trend for Service Properties 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.
Service Properties Trust Average Occupancy Rate % Chart
Competitive Comparison of Service Properties Trust's Average Occupancy Rate %
For the REIT - Hotel & Motel subindustry, Service Properties 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.
Service Properties Trust (NAS:SVC) 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.
Service Properties Trust (NAS:SVC) 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.
Service Properties Trust Average Occupancy Rate % Related Terms
Thank you for viewing the detailed overview of Service Properties Trust's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.
Service Properties Trust (Service Properties Trust) Business Description
Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel investment unit and net lease investments. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.
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