Occupancy Fee Elevated 21.7% Yr-over-year on account of Timing of Thanksgiving

Date:

Share post:

by Calculated Threat on 11/29/2024 12:21:00 PM

As a result of Thanksgiving calendar shift, the U.S. resort business reported greater year-over-year efficiency comparisons, in accordance with CoStar’s newest knowledge by means of 23 November. …

17-23 November 2024 (proportion change from comparable week in 2023):

• Occupancy: 59.7% (+20.7%)
• Common every day charge (ADR): US$150.49 (+8.6%)
• Income per out there room (RevPAR): US$89.80 (+31.1%)
emphasis added

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

Click on on graph for bigger picture.

The purple line is for 2024, blue is the median, and dashed mild blue is for 2023.  Dashed purple is for 2018, the report 12 months for resort occupancy. 

The 4-week common of the occupancy charge is above each final 12 months and the median charge for the interval 2000 by means of 2023 (Blue) – and can possible end principally unchanged year-over-year.

Be aware: Y-axis does not begin at zero to higher present the seasonal change.

The 4-week common of the occupancy charge has peaked for the autumn enterprise journey season and can decline seasonally by means of the vacations.  Be aware: Occupancy might be down sharply subsequent week because of the timing of Thanksgiving (the reverse of this week).

Related articles

How the automotive business is uncovered to Donald Trump’s tariffs

Keep knowledgeable with free updatesMerely signal as much as the US commerce myFT Digest -- delivered on to...

Three Measures of Output | Econbrowser

GDP, GDO, GDP+: Determine 1: GDP (blue), GDO (tan), GDP+ (inexperienced), all in bn.Ch.2017$ SAAR. GDP+ scaled to equal...

Stand by for monetary instability

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on...

Common Actual Wages (Nonetheless) Rising Sooner than Inflation

A comparability between CPI, chained CPI, PCE value index, and HICP deflation: Determine 1: Common hourly earnings, CPI deflated...