JACKSON, Wyo. — Lodging data from the Jackson Hole Chamber of Commerce reported a 9.6% decrease in occupancy from August 2021 to August 2022.
While occupancy was down, lodging revenue remained nearly the same due to a 7.1% increase in the average room rate.
Kent Elliott, director of destination global sales for Jackson Hole Chamber of Commerce, attributed the decline in occupancy this summer to inflation, reduction in travel, and a wider variety of travel options due to markets re-opening, ie. international travel, and theme parks.
Elliot said, “The good news, when you compare our summer occupancies to the fiscal year 2018/19, we as a community are only slightly behind.”
For the next six months, “on the books” occupancy is down nearly 14%.