Hotels: Occupancy Rate Declined 58.5% Year-over-year, Slight Increase Week-over-week

From HotelNewsNow.com: STR: US hotel results for week ending 2 May STR data for 26 April through 2 May 2020 showed slightly higher U.S. hotel occupancy compared with previous weeks, but the same significant level of year-over-year decline in the three key performance metrics. In comparison with the week of 28 April through 4 May 2019, the industry recorded the following: • Occupancy: -58.5% to 28.6% • Average daily rate (ADR): -44.0% to US$74.72 • Revenue per available room (RevPAR): -76.8% to US$21.39 " Week-to-week comparisons showed a third consecutive increase in room demand, which......(read more)

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