WORTH logo with outdoor recreation images

Jackson Hole Economic Forecasting

September 2024 Forecast

Occupancy Rate (OR)

Occupancy Rate

Table 1: Forecast of Monthly Occupancy Rate
 
Date Occupancy Rate Forecast Lower CI Bound Upper CI Bound
Oct-2024 54.16% 52.75% 55.55%
Nov-2024 25.85% 23.82% 27.98%
Dec-2024 45.07% 42.52% 47.66%
Jan-2025 62.45% 59.86% 64.97%
Feb-2025 71.49% 68.05% 74.69%
Mar-2025 66.22% 61.12% 70.97%

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
Oct-2024 $323.48 $308.74 $338.21
Nov-2024 $204.64 $183.15 $226.14
Dec-2024 $557.46 $524.23 $590.70
Jan-2025 $535.46 $508.25 $562.68
Feb-2025 $560.63 $525.62 $595.63
Mar-2025 $469.57 $430.40 $508.75

Revenue per Available Room (RevPAR)

Revenue per Available Room

Table 3: Forecast of Monthly RevPAR
 
Date RevPAR Forecast Lower CI Bound Upper CI Bound
Oct-2024 $175.19 $162.87 $187.89
Nov-2024 $52.89 $43.62 $63.28
Dec-2024 $251.28 $222.89 $281.52
Jan-2025 $334.40 $304.24 $365.58
Feb-2025 $400.78 $357.69 $444.89
Mar-2025 $310.94 $263.04 $361.06

Tax Revenues

Tax Revenues

Table 4: Forecast County (2%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Oct-2024 $1,572,679 $1,399,065 $1,767,837
Nov-2024 $1,345,296 $1,208,001 $1,498,194
Dec-2024 $670,003 $600,917 $747,038
Jan-2025 $247,463 $209,357 $290,977
Feb-2025 $728,990 $632,801 $840,608
Mar-2025 $904,405 $782,239 $1,049,051
Apr-2025 $1,107,617 $941,482 $1,310,921
May-2025 $969,093 $812,209 $1,163,229

Forecast State (3%) Lodging Tax Revenue

Table 5: Forecast State (3%) Lodging Tax Revenue
 
Date Tax Revenue Forecast Lower CI Bound Upper CI Bound
Oct-2024 $2,621,132 $2,331,775 $2,946,395
Nov-2024 $2,242,160 $2,013,335 $2,496,991
Dec-2024 $1,116,671 $1,001,529 $1,245,063
Jan-2025 $412,439 $348,928 $484,962
Feb-2025 $1,214,984 $1,054,669 $1,401,014
Mar-2025 $1,507,342 $1,303,732 $1,748,418
Apr-2025 $1,846,028 $1,569,137 $2,184,868
May-2025 $1,615,154 $1,353,682 $1,938,716

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
Oct-2024 $4,193,811 $3,730,840 $4,714,233
Nov-2024 $3,587,455 $3,221,337 $3,995,185
Dec-2024 $1,786,674 $1,602,446 $1,992,100
Jan-2025 $659,902 $558,285 $775,939
Feb-2025 $1,943,974 $1,687,470 $2,241,622
Mar-2025 $2,411,748 $2,085,971 $2,797,469
Apr-2025 $2,953,644 $2,510,619 $3,495,789
May-2025 $2,584,247 $2,165,891 $3,101,945

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
Oct-2024 $33,500,129 $30,045,862 $37,351,882
Nov-2024 $12,373,170 $10,467,852 $14,548,862
Dec-2024 $36,449,516 $31,640,066 $42,030,417
Jan-2025 $45,220,271 $39,111,956 $52,452,553
Feb-2025 $55,380,833 $47,074,101 $65,546,044
Mar-2025 $48,454,627 $40,610,452 $58,161,467

Economic Indicators

Table 8: Six-Month Forecast of Economic Output from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $215,599,413 $46,525,337 $11,708,572 $273,833,322
Median Estimate $251,645,932 $54,304,006 $13,666,153 $319,616,091
High Estimate $294,694,019 $63,593,584 $16,003,980 $374,291,582
Table 9: Six-Month Forecast of Employee Compensation from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $69,732,451 $15,676,075 $3,229,932 $88,638,459
Median Estimate $81,391,166 $18,296,991 $3,769,951 $103,458,109
High Estimate $95,314,435 $21,426,987 $4,414,865 $121,156,288
Table 10: Six-Month Forecast of Contribution to Gross County Product from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate $155,974,404 $27,343,285 $7,063,401 $190,381,089
Median Estimate $182,052,092 $31,914,866 $8,244,346 $222,211,304
High Estimate $213,195,033 $37,374,420 $9,654,680 $260,224,133
Table 11: Six-Month Forecast of Employment from Lodging Sales
 
Estimate Direct Indirect Induced Total
Low Estimate 2,739 440 122 3,301
Median Estimate 3,197 513 142 3,853
High Estimate 3,744 601 167 4,512
 
 
 
 
 
 






WORTH logo
Find us on LinkedIn (Link opens a new window)