Hotel Occupancy Rate Increased Year-over-Year, On Pace for Record Year

From HotelNewsNow.com: STR: US hotel results for week ending 25 November The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 November 2017, according to data from STR. In comparison with the week of 20-26 November 2016, the industry recorded the following: • Occupancy: +1.4% to 51.4% • Average daily rate (ADR): +2.0% to US$109.99 • Revenue per available room (RevPAR): +3.4% to US$56.52 Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics : occupancy (+32.8% to......(read more)

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