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.