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

From HotelNewsNow.com: STR: US hotel results for week ending 2 June The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 May through 2 June 2018, according to data from STR. In comparison with the week of 28 May through 3 June 2017, the industry recorded the following: • Occupancy: +0.1% to 64.1% • Average daily rate (ADR): +2.1% to US$122.58 • Revenue per available room (RevPAR): +2.3% to US$78.61 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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