by Calculated Danger on 10/13/2024 09:20:00 AM
As a result of Rosh Hashana, the U.S. resort business reported destructive year-over-year comparisons, in accordance with CoStar’s newest knowledge by way of 5 October. …
29 September by way of 5 October 2024 (proportion change from comparable week in 2023):
• Occupancy: 65.6% (-3.4%)
• Common day by day fee (ADR): US$156.25 (-4.4%)
• Income per accessible room (RevPAR): US$102.44 (-7.7%)
emphasis added
The next graph exhibits the seasonal sample for the resort occupancy fee utilizing the four-week common.
The purple line is for 2024, blue is the median, and dashed mild 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 raised present the seasonal change.
The 4-week common of the occupancy fee is close to the height for the autumn enterprise journey season, after which will decline in the course of the holidays.
