Occupancy Charge Decreased 1.7% 12 months-over-year

Date:

Share post:

by Calculated Threat on 9/20/2024 09:01:00 AM

The U.S. lodge trade reported principally unfavourable year-over-year comparisons, based on CoStar’s newest information by 14 September. …

8-14 September 2024 (proportion change from comparable week in 2023):

• Occupancy: 66.6% (-1.7%)
• Common day by day price (ADR): US$162.05 (+0.2%)
• Income per out there room (RevPAR): US$107.86 (-1.4%)
emphasis added

The next graph exhibits the seasonal sample for the lodge 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 file 12 months for lodge occupancy. 

The 4-week common of the occupancy price is monitoring final 12 months and is near the median price for the interval 2000 by 2023 (Blue).

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

The 4-week common of the occupancy price will enhance over the following a number of throughout the fall enterprise journey season.

Related articles

Yemeni mercenaries duped into becoming a member of Russia’s struggle by Houthi-linked group

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

US retailers stretch out Black Friday offers to lure flagging buyers

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

Occupancy Charge Decreased 3.5% 12 months-over-year

by Calculated Danger on 11/24/2024 08:21:00 AM As a result of Veteran’s Day calendar shift, the U.S. lodge trade...

German gloom deepens as Trump tariff risk rattles exporters

Germany is reeling from among the steepest progress downgrades of any superior nation as economists warn of its...