Hotel Occupancy Rate increases YoY, On Pace for Record Year

From HotelNewsNow.com: STR: US hotel results for week ending 28 October The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 22-28 October 2017, according to data from STR. In comparison with the week of 23-29 October 2016, the industry recorded the following: • Occupancy: +4.0% to 69.8% • Average daily rate (ADR): +2.6% to US$129.44 • Revenue per available room (RevPAR): +6.7% to US$90.32 Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+34.9% to 85.9%), ADR (+14.0% to......(read more)

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