Hotels: Occupancy Rate Decreases Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 22 February The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 16-22 February 2020, according to data from STR. In comparison with the week of 17-23 February 2019, the industry recorded the following: • Occupancy: -2.1% to 63.2% • Average daily rate (ADR): +0.7% to US$130.55 • Revenue per available room (RevPAR): -1.4% to US$82.55 Of note, U.S. airport hotels reported a 4.8% decrease in occupancy for the week , which was the steepest decline among all......(read more)

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