Hotels: Occupancy Rate Increases Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 18 January The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR. In comparison with the week of 13-19 January 2019, the industry recorded the following: • Occupancy: +1.1% to 58.9% • Average daily rate (ADR): +5.2% to US$130.99 • Revenue per available room (RevPAR): +6.4% to US$77.16 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for ......(read more)

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