Hotels: Occupancy Rate Declined 55.9% Year-over-year, Slight Increase Week-over-week

From HotelNewsNow.com: STR: US hotel results for week ending 9 May STR data for 3-9 May 2020 showed continues modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics . In comparison with the week of 5-11 May 2019, the industry recorded the following: • Occupancy: -55.9% to 30.1% • Average daily rate (ADR): -42.1% to US$76.35 • Revenue per available room (RevPAR): -74.4% to US$22.95 "The industry reported its fourth consecutive week-to-week increase in demand as the slow and steady ascent in national......(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/2Wt7yQm
via IFTTT