Hotels: Occupancy Rate Declined 29.2% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 10 October U.S. hotel weekly occupancy hit 50% for just the second time since the low point of the pandemic, according to the latest data from STR through 10 October. 4-10 October 2020 (percentage change from comparable week in 2019): • Occupancy: 50.0% (-29.2%) • Average daily rate (ADR): US$97.67 (-25.9%) • Revenue per available room (RevPAR): US$48.85 (-47.5%) While a handful of the highest occupancy markets were those in areas affected by natural disasters (i.e. California wildfires), Saturday produced the week's highest......(read more)

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