Occupancy Charge Elevated 21.7% Yr-over-year on account of Timing of Thanksgiving

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by Calculated Danger on 11/29/2024 12:21:00 PM

Because of the Thanksgiving calendar shift, the U.S. resort business reported larger year-over-year efficiency comparisons, in accordance with CoStar’s newest information via 23 November. …

17-23 November 2024 (share change from comparable week in 2023):

• Occupancy: 59.7% (+20.7%)
• Common day by day fee (ADR): US$150.49 (+8.6%)
• Income per out there room (RevPAR): US$89.80 (+31.1%)
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 pink line is for 2024, blue is the median, and dashed gentle 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 above each final 12 months and the median fee for the interval 2000 via 2023 (Blue) – and can doubtless end largely unchanged year-over-year.

Word: Y-axis would not begin at zero to higher present the seasonal change.

The 4-week common of the occupancy fee has peaked for the autumn enterprise journey season and can decline seasonally via the vacations.  Word: Occupancy can be down sharply subsequent week as a result of timing of Thanksgiving (the reverse of this week).

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