Hotels: Occupancy Rate Declined 62.2% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 25 April Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry recorded the following: • Occupancy: -62.2% to 26.0% • Average daily rate (ADR): -42.9% to US$73.61 • Revenue per available room (RevPAR): -78.4% to US$19.13 Year-over-year declines were less steep than previous weeks due to a comparison......(read more)

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