by calculated risk 4/18/2024 06:11:00 PM
According to CoStar's latest data through April 13, U.S. hotel performance increased from the previous week, due in part to the impact of the total solar eclipse. …
April 7-13, 2024 (% change from comparable week in 2023):
• Occupancy rate: 65.8% (+2.8%)
• Average daily amount (ADR): USD 160.20 (+2.9%)
• Revenue per available room (RevPAR): USD 105.48 (+5.8%)
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.