Hotels: Occupancy Rate Declined 33% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 8 August U.S. hotel performance data for the week ending 8 August showed slightly higher occupancy and room rates from the previous week, according to STR. 2-8 August 2020 (percentage change from comparable week in 2019): • Occupancy: 49.9% (-32.6%) • Average daily rate (ADR): US$100.88 (-24.9%) • Revenue per available room (RevPAR): US$50.37 (-49.4%) U.S. occupancy has risen week over week for 16 of the last 17 weeks, although growth in demand (room nights sold) has slowed. emphasis added The following graph shows the seasonal......(read more)

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