Hotels: Occupancy Rate On Pace for Record Year

From HotelNewsNow.com: STR: US hotel results for week ending 1 September The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR. In comparison with the week of 27 August through 2 September 2017, the industry recorded the following: • Occupancy: +1.6% to 67.0% • Average daily rate (ADR): +3.0% to US$125.16 • Revenue per available room (RevPAR): +4.6% to US$83.88 ... In comparison with the week that followed the landfall of Hurricane Harvey in 2017, Houston, Texas,......(read more)

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