by Calculated Danger on 12/30/2024 06:19:00 PM
The U.S. lodge business reported optimistic year-over-year efficiency comparisons, in line with CoStar’s newest knowledge by way of 21 December. …
Development was elevated as a result of Hannukah calendar shift in addition to the compressed enterprise journey interval between Thanksgiving and Christmas. As anticipated, precise ranges have been considerably decrease than the prior week due to the seasonal slowdown.
15-21 December 2024 (share change from comparable week in 2023):
• Occupancy: 48.9% (+11.4%)
• Common every day price (ADR): US$135.79 (+2.7%)
• Income per accessible room (RevPAR): US$66.36 (+14.3%)
emphasis added
The next graph exhibits the seasonal sample for the lodge occupancy price utilizing the four-week common.
The purple 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.
Word: Y-axis does not begin at zero to raised present the seasonal change.
The 4-week common will decline seasonally by way of the vacations. This can be a stable end for 2024!
