Hotels: On Pace for Record Occupancy in 2015

Note: Some of the year-over-year improvement last week was due to the shift in timing of Labor Day. From HotelNewsNow.com: STR: US results for week ending 5 September The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 30 August through 5 September 2015, according to data from STR, Inc. In year-over-year measurements, the industry's occupancy increased 7.5% to 63.6% . Average daily rate for the week was up 6.6% to US$115.73. Revenue per available room increased 14.6% to finish the week at US$73.58. emphasis added The following graph......(read more)

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