Occupancy Fee Elevated 0.9% Yr-over-year

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by Calculated Threat on 6/11/2024 08:11:00 AM

On account of Memorial Day, the U.S. resort business reported decrease efficiency outcomes from the earlier week however barely optimistic comparisons 12 months over 12 months, in accordance with CoStar’s newest information via 1 June. …

26 Could via 1 June 2024 (share change from comparable week in 2023):

• Occupancy: 62.0% (+0.9%)
• Common every day fee (ADR): US$150.87 (+0.1%)
• Income per obtainable room (RevPAR): US$93.50 (+1.0%)
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 crimson line is for 2024, blue is the median, and dashed mild blue is for 2023.  Dashed purple is for 2018, the document 12 months for resort occupancy. 

The 4-week common of the occupancy fee is monitoring final 12 months and is barely above the median fee for the interval 2000 via 2023 (Blue).

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

The 4-week common of the occupancy fee will now enhance seasonally with the summer time journey season.

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