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Jackson Hole Economic Forecasting

December 2024 forecast

Occupancy Rate (OR)

Occupancy Rate

Table 1: Forecast of Monthly Occupancy Rate
 
Date Occupancy Rate Forecast Lower CI Bound Upper CI Bound
Jan-2025 64.63% 63.86% 65.39%
Feb-2025 71.37% 69.49% 73.18%
Mar-2025 62.85% 60.73% 64.93%
Apr-2025 32.15% 29.91% 34.46%
May-2025 57.29% 53.18% 61.30%
Jun-2025 81.06% 75.91% 85.33%

Average Daily Rate (ADR)

Average Daily Rate (ADR)

Table 2: Forecast of Monthly Average Daily Rate
 
Date Average Daily Rate Forecast Lower CI Bound Upper CI Bound
Jan-2025 $505.85 $473.51 $538.18
Feb-2025 $527.50 $466.97 $588.04
Mar-2025 $459.11 $424.35 $493.87
Apr-2025 $278.30 $250.62 $305.98
May-2025 $349.98 $321.29 $378.67
Jun-2025 $502.38 $472.03 $532.73

Revenue per Available Room (RevPAR)

Revenue per Available Room (RevPAR)

Table 3: Forecast of Monthly RevPAR
 
Date RevPAR Forecast Lower CI Bound Upper CI Bound
Jan-2025 $326.91 $302.37 $351.91
Feb-2025 $376.48 $324.51 $430.30
Mar-2025 $288.57 $257.69 $320.68
Apr-2025 $89.46 $74.97 $105.45
May-2025 $200.51 $170.87 $232.14
Jun-2025 $407.24 $358.31 $454.56

Tax Revenues

Lodging Tax Revenue

Table 4: Forecast County (2%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Jan-2025 $244,160 $210,054 $283,803
Feb-2025 $823,847 $747,530 $907,956
Mar-2025 $1,044,979 $906,064 $1,209,156
Apr-2025 $1,158,897 $1,001,786 $1,345,857
May-2025 $961,601 $816,042 $1,137,950
Jun-2025 $325,919 $254,995 $410,195
Jul-2025 $779,624 $645,990 $942,517
Aug-2025 $1,533,783 $1,159,968 $2,074,189

Forecast State (3%) Lodging Tax Revenue

Table 5: Forecast State (3%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Jan-2025 $406,933 $350,090 $473,006
Feb-2025 $1,373,079 $1,245,883 $1,513,261
Mar-2025 $1,741,632 $1,510,106 $2,015,260
Apr-2025 $1,931,494 $1,669,644 $2,243,095
May-2025 $1,602,668 $1,360,069 $1,896,583
Jun-2025 $543,198 $424,992 $683,659
Jul-2025 $1,299,373 $1,076,650 $1,570,862
Aug-2025 $2,556,305 $1,933,280 $3,456,982

Forecast of Monthly Total (5%) Lodging Tax Revenue

Table 6: Forecast of Monthly Total (5%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Jan-2025 $651,093 $560,144 $756,809
Feb-2025 $2,196,926 $1,993,412 $2,421,217
Mar-2025 $2,786,611 $2,416,170 $3,224,417
Apr-2025 $3,090,391 $2,671,431 $3,588,951
May-2025 $2,564,268 $2,176,111 $3,034,532
Jun-2025 $869,117 $679,988 $1,093,854
Jul-2025 $2,078,997 $1,722,640 $2,513,379
Aug-2025 $4,090,089 $3,093,248 $5,531,171

Lodging Sector Sales

Forecast of Monthly Lodging Sales

Table 7: Forecast of Monthly Lodging Sales
 
Date Lodging Sales Forecast Lower CI Bound Upper CI Bound
Jan-2025 $52,248,952 $45,303,191 $60,457,811
Feb-2025 $57,944,827 $50,089,323 $67,292,837
Mar-2025 $48,080,028 $40,802,084 $56,897,480
Apr-2025 $16,295,946 $12,749,775 $20,509,759
May-2025 $38,981,192 $32,299,508 $47,125,854
Jun-2025 $76,689,160 $57,998,391 $103,709,452

Economic Indicators

Table 8: Six-Month Forecast of Economic Output from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $210,476,157 $45,419,762 $11,430,343 $267,326,263
Median Estimate $249,607,746 $53,864,175 $13,555,465 $317,027,386
High Estimate $297,100,262 $64,112,840 $16,134,656 $377,347,758
Table 9: Six-Month Forecast of Employee Compensation from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $68,075,410 $15,303,567 $3,153,180 $86,532,156
Median Estimate $80,731,945 $18,148,796 $3,739,417 $102,620,158
High Estimate $96,092,699 $21,601,943 $4,450,913 $122,145,556
Table 10: Six-Month Forecast of Contribution to Gross County Product from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $152,268,008 $26,693,531 $6,895,554 $185,857,093
Median Estimate $180,577,576 $31,656,374 $8,177,571 $220,411,521
High Estimate $214,935,818 $37,679,590 $9,733,513 $262,348,922
Table 11: Six-Month Forecast of Employment from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate 2,674 429 119 3,223
Median Estimate 3,172 509 141 3,822
High Estimate 3,775 606 168 4,549
 
 
 
 
 
 






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