Occupancy Price Elevated 1.9% 12 months-over-year

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by Calculated Threat on 11/08/2024 02:11:00 PM

The U.S. resort trade reported optimistic year-over-year comparisons, in accordance with CoStar’s newest information by way of 19 October. …

27 October by way of 2 November 2024 (proportion change from comparable week in 2023):

• Occupancy: 60.8% (+1.9%)
• Common each day fee (ADR): US$154.99 (+1.2%)
• Income per out there room (RevPAR): US$94.22 (+3.1%)
emphasis added

The next graph exhibits the seasonal sample for the resort occupancy fee utilizing the four-week common.

Click on on graph for bigger picture.

The purple line is for 2024, blue is the median, and dashed gentle blue is for 2023.  Dashed purple is for 2018, the file yr for resort occupancy. 

The 4-week common of the occupancy fee is above each final yr and the median fee for the interval 2000 by way of 2023 (Blue) – and ending the yr robust!

Notice: Y-axis would not begin at zero to higher present the seasonal change.

The 4-week common of the occupancy fee has peaked for the autumn enterprise journey season and can decline seasonally by way of the vacations.

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