Hotels: Occupancy Rate increases Year-over-Year, On Pace for Record Year

From HotelNewsNow.com: STR: US hotel results for week ending 5 May The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 April through 5 May 2018, according to data from STR. In comparison with the week of 30 April through 6 May 2017, the industry recorded the following: • Occupancy: +0.5% to 68.2% • Average daily rate (ADR): +2.7% to US$130.14 • Revenue per available room (RevPAR): +3.3% to US$88.77 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click ......(read more)

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