by Calculated Danger on 12/16/2024 03:01:00 PM
The U.S. lodge business reported optimistic year-over-year efficiency comparisons, in keeping with CoStar’s newest knowledge by way of 7 December. …
1-7 December 2024 (share change from comparable week in 2023):
• Occupancy: 59.0% (+0.5%)
• Common each day charge (ADR): US$159.77 (+3.8%)
• Income per out there room (RevPAR): US$94.31 (+4.3%)
emphasis added
The next graph exhibits the seasonal sample for the lodge occupancy charge utilizing the four-week common.
The crimson line is for 2024, blue is the median, and dashed mild blue is for 2023. Dashed purple is for 2018, the report yr for lodge occupancy.Â
Observe: 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 way of the vacations.  It is a strong end for 2024!
