by Calculated Danger on 11/17/2024 08:57:00 AM
As projected for election week, the U.S. resort business reported adverse year-over-year efficiency comparisons, in keeping with CoStar’s newest information by way of 9 November. …
3-9 November 2024 (proportion change from comparable week in 2023):
• Occupancy: 62.6% (-3.5%)
• Common day by day fee (ADR): US$156.11 (-0.1%)
• Income per out there room (RevPAR): US$97.73 (-3.5%)
emphasis added
The next graph reveals the seasonal sample for the resort occupancy fee utilizing the four-week common.
The crimson line is for 2024, blue is the median, and dashed gentle blue is for 2023. Dashed purple is for 2018, the document yr for resort occupancy.Â
Observe: 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 by way of the vacations.
