Hotels: Occupancy Rate Declined 30% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 15 August U.S. weekly hotel occupancy hit 50.0% for the first time since mid-March, according to the latest data from STR. 9-15 August 2020 (percentage change from comparable week in 2019): • Occupancy: 50.2% (-30.0%) • Average daily rate (ADR): US$101.41 (-23.0%) • Revenue per available room (RevPAR): US$50.87 (-46.1%) U.S. occupancy has risen week over week for 17 of the last 18 weeks, although growth in demand (room nights sold) has slowed. The week ending 14 March was the last with occupancy of at least 50.0%. emphasis added The ......(read more)

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