Hotels: Occupancy Rate decreased slightly Year-over-Year, On Record Annual Pace

From HotelNewsNow.com: STR: US hotel results for week ending 9 June The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 June 2018, according to data from STR. In comparison with the week of 4-10 June 2017, the industry recorded the following: • Occupancy: -0.2% to 72.9% • Average daily rate (ADR): +2.5% to US$131.38 • Revenue per available room (RevPAR): +2.3% to US$95.82 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for larger image.......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2JLjXum
via IFTTT