Calculated Threat: Inns: Occupancy Price elevated Yr-over-year

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by Calculated Threat on 12/30/2024 06:19:00 PM

The U.S. resort trade reported optimistic year-over-year efficiency comparisons, in line with CoStar’s newest information by means of 21 December. …

Progress was elevated because of the Hannukah calendar shift in addition to the compressed enterprise journey interval between Thanksgiving and Christmas. As anticipated, precise ranges have been considerably decrease than the prior week due to the seasonal slowdown.

15-21 December 2024 (share change from comparable week in 2023):

• Occupancy: 48.9% (+11.4%)
• Common each day fee (ADR): US$135.79 (+2.7%)
• Income per accessible room (RevPAR): US$66.36 (+14.3%)
emphasis added

The next graph reveals the seasonal sample for the resort occupancy fee 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 yr for resort occupancy. 

The 4-week common of the occupancy fee is above each final yr and the median fee for the interval 2000 by means of 2023 (Blue) – and can doubtless end largely unchanged year-over-year.

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

The 4-week common will decline seasonally by means of the vacations.    It is a strong end for 2024!

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