Hotel Occupancy Rate increases YoY, Just behind Record Year

From HotelNewsNow.com: STR: US hotel results for week ending 7 October The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 1-7 October 2017, according to data from STR. In comparison with the week of 2-8 October 2016, the industry recorded the following: • Occupancy: +0.9% to 71.4% • Average daily rate (ADR): +2.0% to US$130.92 • Revenue per available room (RevPAR): +3.0% to US$93.51 Among the Top 25 Markets, Houston, Texas, once again reported the largest year-over-year increases in occupancy (+45.0% to 85.9%) and RevPAR......(read more)

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