by calculated risk October 13, 2024 09:20:00 AM
The U.S. hotel industry reported a year-over-year decline due to Rosh Hashana, according to CoStar’s latest data through Oct. 5. …
From September 29, 2024 to October 5, 2024 (% change from comparable week in 2023):
• Occupancy rate: 65.6% (-3.4%)
• Average daily amount (ADR): USD 156.25 (-4.4%)
• Revenue per available room (RevPAR): USD 102.44 (-7.7%)
Emphasis added
The following graph shows the seasonal pattern of hotel occupancy. 4 week average.
Click on the graph to see a larger image.
The red line is 2024, 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 for occupancy is near the peak of the fall business travel season and then declines during the holidays.
