Jackson Hole Economic Forecasting
December 2024 forecast
Occupancy Rate (OR)
Table 1: Forecast of Monthly Occupancy Rate
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)
Table 2: Forecast of Monthly Average Daily Rate
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)
Table 3: Forecast of Monthly RevPAR
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
Table 4: Forecast County (2%) Lodging Tax Revenue
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 |
Table 5: Forecast State (3%) Lodging Tax Revenue
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 |
Table 6: Forecast of Monthly Total (5%) Lodging Tax Revenue
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
Table 7: Forecast of Monthly Lodging Sales
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
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
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
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
Low Estimate |
2,674 |
429 |
119 |
3,223 |
Median Estimate |
3,172 |
509 |
141 |
3,822 |
High Estimate |
3,775 |
606 |
168 |
4,549 |