Hotels: Occupancy Rate Declined 39% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 18 July U.S. hotel performance data for the week ending 18 July showed slightly higher occupancy and room rates from the previous week, according to STR. 12-18 July 2020 (percentage change from comparable week in 2019): • Occupancy: 47.5% (-38.9%) • Average daily rate (ADR): US$98.56 (-28.0%) • Revenue per available room (RevPAR): US$46.87 (-56.0%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average . The occupancy rate for the last five weeks was 43.9%, 46.2%,......(read more)

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