Hotels: Solid Start for Occupancy Rate in 2018

From HotelNewsNow.com: STR: US hotel results for week ending 17 February The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR. In comparison with the week of 12-18 February 2017, the industry recorded the following: • Occupancy: +1.2% to 62.9% • Average daily rate (ADR): +3.2% to US$128.75 • Revenue per available room (RevPAR): +4.4% to US$80.99 emphasis added Note: Houston is no longer reporting a large year-over-year increase in occupancy, so it appears the impact of the......(read more)

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