by calculated risk May 5, 2024 08:21:00 AM
As expected for Passover, U.S. hotel performance was lower than the previous week and the comparable period last year, according to CoStar's latest data through April 27. …
April 21-27, 2024 (% change from comparable week in 2023):
• Occupancy: 65.7% (-1.2%)
• Average daily amount (ADR): USD 154.44 (-1.3%)
• Revenue per available room (RevPAR): USD 101.42 (-2.5%)
Emphasis added
The following graph shows the seasonal pattern of hotel occupancy. 4 week average.
The red line is 2024, the black is 2020, the blue is the median, and the light blue dashed line is 2023. The dashed purple line is 2018, a record year for hotel occupancy.
Note: To better illustrate seasonal changes, the Y-axis does not start at zero.
The four-week average of occupancy rates is expected to remain relatively flat seasonally through the summer travel season.