BiggerPockets

I realize that vacancy rates are going to range based on many factors, but are there any industry averages out there for hotel/motel vacancies?

yes- some good responses by Joel its different for each location as well as particular brand ( flag or franchise ) --

What is the purpose of this question ?

Some lenders require minimum 50% or 60% occupancy --I have also seen - mom and pop - independent hotels --more profitable in some locations -then franchsie like Days Inn or Super 8 for similar size -- say 60 units --

Also upscale hotels --like Hampton Inn, Hilton , Holdiay Inn Express has much higher occupancies in most locations

Howeevr, due to economy --and less leisure travel --many hotels lost occupanices and vaccancies are much higher and
many hotels are going in foreclosers--

Also many lenders are satying away from financing new construction at this time --and many lenders limit to only 65%
to 70% of value for refinancing whereas --few years ago 80% and 90% was common.

There was a webinar video from another data company I watched a month ago.National average was about 54% occupancy nationally with REVPAR up about 4%.

I don't have the video link anymore.

Averages do not really mean anything.A brokers national average for yearly earnings could be 80,000 but many under that at 10k and many over that into the hundreds or more.

With any asset class it is deal specific.They do feel hotels have started to turn the corner.Multifamily is red hot.Retail many feel has another 2 to 3 years to hit bottom before it turns around.