by Calculated Risk June 2, 2024 8:21 AM
According to CoStar’s latest data through May 25, the U.S. hotel industry reported mixed results last week but positive results compared to a year ago….
May 19-25, 2024 (Percentage change from the same week in 2023):
• Market share: 67.7% (+1.6%)
• Average daily rate (ADR): USD 160.67 (+2.3%)
• Revenue per room (RevPAR): US$108.73 (+3.9%)
Add emphasis
The following graph shows the seasonal patterns of hotel occupancy. 4 week average.
Click on the graph to enlarge the image.
The red line is 2024, the blue is the median, and the dashed light blue line is 2023. The dashed purple line is 2018, the year when hotel occupancy rates hit an all-time high.
Note: The y-axis does not start at zero to better illustrate seasonal changes.
As the summer travel season begins, the four-week average of occupancy rates increases seasonally.
