Hotels: Occupancy Rate Declines Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 8 September The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 2-8 September 2018, according to data from STR. In comparison with the week of 3-9 September 2017, the industry recorded the following: • Occupancy: -3.5% to 61.7% • Average daily rate (ADR): +1.0% to US$121.95 • Revenue per available room (RevPAR): -2.4% to US$75.25 STR analysts note that performance percentage changes in several major markets were significantly affected by the comparison with......(read more)

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