Hotels: Occupancy Rate Declined Slightly Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 6 October The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR. In comparison with the week of 1-7 October 2017, the industry recorded the following: • Occupancy: -0.9% to 70.9% • Average daily rate (ADR): +2.4% to US$134.03 • Revenue per available room (RevPAR): +1.5% to US$95.05 … Houston, Texas, experienced the steepest declines in occupancy (-26.7% to 62.8%) and RevPAR (-31.5% to US$67.08). Houston's......(read more)

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