Lodging Report: Average room rates up 72.1% compared to Oct. 2019

JACKSON, Wyo. — The October lodging reports for Jackson Hole are in. While occupancy levels didn’t increase too much compared to pre-covid times, revenue increased significantly.

October 2021 saw 54% occupancy compared to 2019’s 51.4% occupancy rate. While occupancy rates didn’t increase too much, revenue increased significantly from $5,838,334 in 2019 to $9,937,168.

According to the Chamber, average room rates in Jackson Hole increased 72.1% from October 2019.

“November is shaping up to be another record month. The increase in occupancy variances suggest that guests were booking further out, but we also see some short-term bookings that will finish November strong,” Kent Elliott, director of destination global sales for Jackson Hole Chamber of Commerce said in the report.

November occupancy is at 15.2% for “on the books” just slightly behind November 2020s final occupancy of 17.2%.

“On the books” room revenue for November is projected at $1,282,268 vs November 2019 of $650,277. Compared to November 2019, average room rates will be 54.3% higher this November.

“The next six months are promising, although the data suggests that we are ahead in future occupancy compared to the
same time in FY19/20, the booking patterns of guests have changed as they are booking further in advance. I suspect
we will see increase levels of Occupancy in November and December. Winter 2022 is already showing increases in
occupancy with an average variance increase from January – March of ~ 56.4%,” Elliot said.

About The Author

Buckrail @ Lindsay

Lindsay Vallen is a Community News Reporter covering a little bit of everything; with an interest in politics, wildlife, and amplifying community voices. Originally from the east coast, Lindsay has called Wilson, Wyoming home since 2017. In her free time, she enjoys snowboarding, hiking, cooking, and completing the Jackson Hole Daily crosswords.

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