Hotels: Best Week Ever, On Pace for Record Occupancy in 2015

From HotelNewsNow.com: STR: US hotel results for week ending 25 July The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 July 2015, according to data from STR, Inc. In year-over-year measurements, the industry's occupancy increased 1.5% to 79.1% . Average daily rate for the week was up 5.1% to US$125.04. Revenue per available room increased 6.6% to finish the week at US$98.91. emphasis added The 79.1% occupancy rate reported for last week was the best week on record (the four week average will peak in August). For the same week......(read more)

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