2024 Q2 REPORT | CAPE SAN BLAS
Top Five Feeder Markets
1 . ATLANTA , GA 2 . NASHVILLE , TN 3 . BIRMINGHAM , AL 4 . CHATTANOOGA , TN 5 . KNOXVILLE , TN
2024 Q2 Revenue Performance
KPIs AS OF JULY 1 , 2024 |
360 Q2 |
VS |
MARKET Q2 |
OCCUPANCY |
55.8 % |
VS |
55.2 % |
YOY OCCUPANCY CHANGE |
5.3 % |
VS |
-6.6% |
ADR |
$ 580 |
VS |
$ 543 |
YOY ADR CHANGE |
-4. 4 % |
VS |
2 . 6 % |
REVPAR |
$ 323 |
VS |
$ 300 |
YOY REVPAR CHANGE |
0.3 % |
VS |
-4.2% |
Revenue Overview
Though our Occupancy was right in line with the Market for Q2 , ours grew year-over-year while the Market ’ s dropped . We achieved these higher Occupancy levels by lowering rates more aggressively than the Market . The approach was successful , as our ADR and RevPAR were higher than the Market for both metrics .
360 BLUE BY THE NUMBERS P . 11