Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year

From HotelNewsNow.com: STR: US hotel results for week ending 9 December The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 December 2017, according to data from STR. In comparison with the week of 4-10 December 2016, the industry recorded the following: • Occupancy: +2.7% to 60.7% • Average daily rate (ADR): +4.0% to US$125.07 • Revenue per available room (RevPAR): +6.8% to US$75.97 Among the Top 25 Markets, Miami/Hialeah, Florida, reported the largest increase in RevPAR (+83.0% to US$234.96), due primarily to the......(read more)

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