by Calculated Danger on 8/18/2024 09:12:00 AM
The U.S. resort business reported constructive comparisons yr over yr, in line with CoStar’s newest knowledge via 10 August. …
4-10 August 2024 (share change from comparable week in 2023):
• Occupancy: 68.7% (+0.5%)
• Common each day fee (ADR): US$159.49 (+1.4%)
• Income per out there room (RevPAR): US$109.51 (+1.9%)
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.
Observe: Y-axis does not begin at zero to higher present the seasonal change.
The 4-week common of the occupancy fee has peaked for 2024, and the common will begin declining into the late summer time and early Fall.
