Hotels: Occupancy Rate Declined 50.2% Year-over-year, Slight Increase Week-over-week

From HotelNewsNow.com: STR: US hotel results for week ending 23 May STR data ending with 23 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded in April. 17-23 May 2020 (percentage change from comparable week in 2019): • Occupancy: 35.4% (-50.2%) • Average daily rate (ADR): US$80.92 (-39.7%) • Revenue per available room (RevPAR): US$28.67 (-69.9%) "The steady climb in national occupancy continued, and to no surprise, the highest levels were recorded on Friday and Saturday ahead......(read more)

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