Hotels: Occupancy Rate decreased Year-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 7 July The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 1-7 July 2018, according to data from STR. In comparison with the week of 2-8 July 2017, the industry recorded the following: • Occupancy: -3.1% to 63.5% • Average daily rate (ADR): +1.1% to US$123.59 • Revenue per available room (RevPAR): -2.0% to US$78.47 STR analysts note that occupancy declines were mostly a result of the Fourth of July holiday , especially early in the week. emphasis added The following......(read more)

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