Hotels: Some Analyis of Short Term Rentals; Occupancy Rate Decreased Year-over-year

First, some analysis from HotelNewsNow on the impact of short term rentals on hotels: The effects of maturing short-term rentals on US hotels From HotelNewsNow.com: STR: US hotel results for week ending 7 September The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 1-7 September 2019, according to data from STR. In comparison with the week of 2-8 September 2018, the industry recorded the following: • Occupancy: -1.1% to 61.0% • Average daily rate (ADR): -1.0% to US$121.37 • Revenue per available room (RevPAR): -2.1% at......(read more)

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