Hotels: Occupancy Rate Unchanged Year-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 25 August The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 August 2018, according to data from STR. In comparison with the week of 20-26 August 2017, the industry recorded the following: • Occupancy: flat at 69.5% • Average daily rate (ADR): +1.8% to US$127.55 • Revenue per available room (RevPAR): +1.8% to US$88.69 ... STR analysts note that percentage changes in several markets were negatively affected by a comparison with the week of the Great American......(read more)

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