Hotels: Occupancy Rate Declined 32% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 19 September U.S. hotel occupancy was nearly flat from the previous week, according to the latest data from STR. 13-19 September 2020 (percentage change from comparable week in 2019): • Occupancy: 48.6% (-31.9%) • Average daily rate (ADR): US$95.84 (-28.9%) • Revenue per available room (RevPAR): US$46.54 (-51.6%) ... Demand rose slightly (+0.3%), and the highest occupancy markets were once again those housing displaced residents from Hurricane Laura and western wildfires , with California South/Central showing the highest level in......(read more)

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