Hotels: Occupancy Rate DownYear-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 31 March The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 25-31 March 2018, according to data from STR. In comparison with the week of 26 March through 1 April 2017, the industry recorded the following: • Occupancy: -2.8 to 66.4% • Average daily rate (ADR): +3.6% to US$130.81 • Revenue per available room (RevPAR): +0.7% to US$86.90 STR analysts note that performance in many major markets was affected by a drop in group business due to the Easter holiday . emphasis......(read more)

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