by calculated risk January 21, 2024 08:21:00 AM
U.S. hotel performance increased from the previous week, but year-over-year comparisons remained mixed, according to Coster's latest data through Jan. 13. …
January 7-13, 2024 (% change from comparable week in 2023):
• Occupancy rate: 53.3% (-2.8%)
• Average daily amount (ADR): USD 153.84 (+6.3%)
• Revenue per available room (RevPAR): USD 81.96 (+3.3%)
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 will increase seasonally over the next three months.