Occupancy Price Elevated 0.9% 12 months-over-year

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by Calculated Threat on 6/11/2024 08:11:00 AM

As a result of Memorial Day, the U.S. lodge business reported decrease efficiency outcomes from the earlier week however barely optimistic comparisons yr over yr, in keeping with CoStar’s newest knowledge by means of 1 June. …

26 Could by means of 1 June 2024 (share change from comparable week in 2023):

• Occupancy: 62.0% (+0.9%)
• Common day by day charge (ADR): US$150.87 (+0.1%)
• Income per out there room (RevPAR): US$93.50 (+1.0%)
emphasis added

The next graph reveals the seasonal sample for the lodge occupancy charge utilizing the four-week common.

Click on on graph for bigger picture.

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 lodge occupancy. 

The 4-week common of the occupancy charge is monitoring final yr and is barely above the median charge for the interval 2000 by means of 2023 (Blue).

Notice: Y-axis does not begin at zero to raised present the seasonal change.

The 4-week common of the occupancy charge will now improve seasonally with the summer season journey season.

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