The U.S. hotel industry reported stronger performance than the previous week and positive year-over-year results, according to Coster’s latest data through May 11. …
May 5-11, 2024 (% change from comparable week in 2023):
• Occupancy rate: 66.1% (+2.1%)
• Average daily amount (ADR): USD 162.14 (+4.4%)
• Revenue per available room (RevPAR): USD 107.24 (+6.6%)
Emphasis added
The following graph shows the seasonal patterns 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.
