Hotels: Occupancy Rate Declined 67% Year-over-year to All Time Record Low

From HotelNewsNow.com: STR: US hotel results for week ending 28 March 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 22-28 March 2020, according to data from STR. In comparison with the week of 24-30 March 2019, the industry recorded the following: • Occupancy: -67.5% to 22.6% • Average daily rate (ADR): -39.4% to US$79.92 • Revenue per available room (RevPAR): -80.3% to US$18.05 "Year-over-year declines of this magnitude will unfortunately be the ‘new......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2WZ45tz
via IFTTT