Occupancy Fee Elevated 1.6% 12 months-over-year

Date:

Share post:

by Calculated Danger on 10/25/2024 08:22:00 AM

The U.S. resort trade reported constructive year-over-year comparisons, in line with CoStar’s newest knowledge by means of 19 October. …

13-19 October 2024 (share change from comparable week in 2023):

• Occupancy: 70.1% (+1.6)
• Common every day price (ADR): US$169.85 (+2.5%)
• Income per out there room (RevPAR): US$119.01 (+4.2%)
emphasis added

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

Click on on graph for bigger picture.

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

The 4-week common of the occupancy price is above each final yr and the median price for the interval 2000 by means of 2023 (Blue).

Notice: Y-axis does not begin at zero to raised present the seasonal change.

The 4-week common of the occupancy price is close to the height for the autumn enterprise journey season, after which will decline throughout the holidays.

Related articles

Trump picks Pam Bondi as US attorney-general after Gaetz withdraws

This text is an on-site model of our FirstFT e-newsletter. Subscribers can signal as much as our Asia,...

Sharp fall in Eurozone exercise raises odds of half-point ECB price lower

Keep knowledgeable with free updatesMerely signal as much as the Eurozone financial system myFT Digest -- delivered on...

Buyers say there isn’t a different to US equities

Unlock the White Home Watch publication at no costYour information to what the 2024 US election means for...

UN local weather summit close to collapse as weak nations make dramatic exit

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