WORTH logo with outdoor recreation images

Jackson Hole Economic Forecasting

November 2024 Forecast

Occupancy Rate (OR)

Occupancy Rate

Table 1: Forecast of Monthly Occupancy Rate
 
Date Occupancy Rate Forecast Lower CI Bound Upper CI Bound
Dec-2024 45.91% 44.20% 47.63%
Jan-2025 61.26% 58.80% 63.66%
Feb-2025 69.54% 66.38% 72.52%
Mar-2025 63.25% 58.93% 67.36%
Apr-2025 32.18% 27.91% 36.77%
May-2025 61.60% 55.27% 67.57%

Average Daily Rate (ADR)

Average Daily Rate

Table 2: Forecast of Monthly Average Daily Rate
 
Date Average Daily Rate Forecast Lower CI Bound Upper CI Bound
Dec-2024 $555.88 $536.31 $575.44
Jan-2025 $529.23 $508.11 $550.35
Feb-2025 $575.01 $539.25 $610.78
Mar-2025 $493.85 $465.47 $522.23
Apr-2025 $310.10 $279.83 $340.37
May-2025 $308.52 $292.00 $325.03

Revenue per Available Room (RevPAR)

Revenue per Available Room

Table 3: Forecast of Monthly RevPAR
 
Date RevPAR Forecast Lower CI Bound Upper CI Bound
Dec-2024 $255.22 $237.06 $274.10
Jan-2025 $324.20 $298.78 $350.35
Feb-2025 $399.85 $357.96 $442.94
Mar-2025 $312.35 $274.30 $351.79
Apr-2025 $99.78 $78.09 $125.15
May-2025 $190.06 $161.39 $219.62

Tax Revenues

Forecast County (2%) Lodging Tax Revenue

Table 4: Forecast County (2%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Dec-2024 $634,540 $574,574 $700,765
Jan-2025 $246,100 $211,394 $286,504
Feb-2025 $851,758 $734,539 $990,211
Mar-2025 $973,654 $849,539 $1,118,807
Apr-2025 $1,110,403 $946,425 $1,309,804
May-2025 $957,834 $800,820 $1,152,613
Jun-2025 $328,008 $253,394 $417,302
Jul-2025 $770,499 $624,806 $953,269

Forecast State (3%) Lodging Tax Revenu

Table 5: Forecast State (3%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Dec-2024 $1,057,567 $957,623 $1,167,942
Jan-2025 $410,167 $352,324 $477,506
Feb-2025 $1,419,597 $1,224,232 $1,650,351
Mar-2025 $1,622,756 $1,415,899 $1,864,678
Apr-2025 $1,850,671 $1,577,376 $2,183,007
May-2025 $1,596,389 $1,334,699 $1,921,021
Jun-2025 $546,680 $422,323 $695,504
Jul-2025 $1,284,165 $1,041,343 $1,588,781

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
Dec-2024 $1,692,107 $1,532,197 $1,868,707
Jan-2025 $656,267 $563,718 $764,009
Feb-2025 $2,271,356 $1,958,772 $2,640,562
Mar-2025 $2,596,410 $2,265,438 $2,983,484
Apr-2025 $2,961,073 $2,523,801 $3,492,811
May-2025 $2,554,223 $2,135,519 $3,073,634
Jun-2025 $874,688 $675,718 $1,112,806
Jul-2025 $2,054,664 $1,666,148 $2,542,049

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
Dec-2024 $42,587,916 $36,726,969 $49,510,540
Jan-2025 $48,682,679 $42,476,960 $55,940,331
Feb-2025 $55,520,127 $47,321,270 $65,490,214
Mar-2025 $47,891,679 $40,040,977 $57,630,638
Apr-2025 $16,400,396 $12,669,705 $20,865,114
May-2025 $38,524,949 $31,240,275 $47,663,426

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
 






Find us on Instagram (Link opens a new window)Find us on Facebook (Link opens a new window)Find us on Twitter (Link opens a new window)Find us on LinkedIn (Link opens a new window)Find us on YouTube (Link opens a new window)