by Calculated Danger on 10/13/2024 09:20:00 AM
As a result of Rosh Hashana, the U.S. lodge trade reported damaging year-over-year comparisons, in response to CoStar’s newest knowledge by 5 October. …
29 September by 5 October 2024 (proportion change from comparable week in 2023):
• Occupancy: 65.6% (-3.4%)
• Common each day fee (ADR): US$156.25 (-4.4%)
• Income per accessible room (RevPAR): US$102.44 (-7.7%)
emphasis added
The next graph exhibits the seasonal sample for the lodge occupancy fee utilizing the four-week common.
The pink line is for 2024, blue is the median, and dashed gentle blue is for 2023. Dashed purple is for 2018, the report yr for lodge occupancy.Â
Be aware: Y-axis would not begin at zero to raised present the seasonal change.
The 4-week common of the occupancy fee is close to the height for the autumn enterprise journey season, after which will decline in the course of the holidays.
