Occupancy rate decreased by 0.8% compared to the previous year

by calculated risk May 10, 2024 08:21:00 AM

U.S. hotel performance was mixed from the previous week, according to Coster’s latest data through May 4. …

From April 28, 2024 to May 4, 2024 (% change from comparable week in 2023):

• Occupancy rate: 64.4% (-0.8%)
• Average daily amount (ADR): USD 159.97 (+1.3%)
• Revenue per available room (RevPAR): USD 103.09 (+0.5%)
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 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.

The four-week average for occupancy is consistent with last year and slightly above the median (blue) for the period 2000-2023.

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.