by calculated risk October 13, 2024 09:20:00 AM
Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year results, according to CoStar’s latest data through Oct. 5. …
From September 29 to October 5, 2024 (percentage change from comparable week in 2023):
• Share: 65.6% (-3.4%)
• Average Daily Rate (ADR): US$156.25 (-4.4%)
• Revenue per Available Room (RevPAR): US$102.44 (-7.7%)
Emphasis added
The following graph shows the seasonal pattern of hotel occupancy using: 4 week average.
The red line is 2024, the blue is the median, and the light blue dotted line is 2023. The purple dotted line is 2018, the year with the highest hotel occupancy.
Note: To better show seasonal changes, the Y axis does not start at 0.
The four-week average room occupancy rate is close to the peak during the peak business travel season in the fall, and is expected to decline during the subsequent holiday period.
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