Hotels: Occupancy Rate Declined 31.7% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 24 October U.S. weekly hotel occupancy fell back below the 50% mark, according to the latest data from STR through 24 October. 18-24 October 2020 (percentage change from comparable week in 2019): • Occupancy: 48.0% (-31.7%) • Average daily rate (ADR): US$95.49 (-29.4%) • Revenue per available room (RevPAR): US$45.83 (-51.8%) emphasis added Since there is a seasonal pattern to the occupancy rate, we can track the year-over-year change in occupancy to look for any improvement. This table shows the year-over-year change since the week......(read more)

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