Hotels: Occupancy Rate Declined 41.8% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 20 June U.S. hotel performance data for the week ending 20 June showed another small rise from previous weeks and less severe year-over-year declines, according to STR. 14-20 June 2020 (percentage change from comparable week in 2019): • Occupancy: 43.9% (-41.8%) • Average daily rate (ADR): US$92.20 (-31.7%) • Revenue per available room (RevPAR): US$40.48 (-60.3%) "Occupancy was up another couple percentage points from last week, marking the 10th consecutive week of such an increase," said Jan Freitag, STR's senior VP of lodging......(read more)

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