President's Day Weekend 2020 - North Lake Tahoe

February 11, 2020

President’s Day and Valentine’s Day fall on the same weekend this year, which may have helped further strengthen a historically strong weekend for North Lake Tahoe’s vacation rental market.  
Presidents Day Graph
 
For February 12th through the 19th, the adjusted paid occupancy rate (which accounts for owner stays and holds) is 63% - a 13% occupancy increase from the same dates last year. However, the average daily rate has decreased from $522 last year to $407 this year. When adjusted for owner stays and holds, RevPAR is $258 for the week, nearly the same as last year’s $260.

Guest reservation activity is similar to last year. So far, the booking window is 71 days, a three-day increase compared to the same week last year. The San Francisco Bay area continues to be the largest feeder market for North Lake Tahoe, making up 80% of guests for the week. Most check-ins will occur on Friday night and the average length of stay is four days.

Like many ski markets, North Lake Tahoe vacation rentals often receive last-minute reservations based on snowfall so the area’s occupancy rate will likely rise by an additional 5-10% in the coming week.

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