Hotels: Occupancy Rate Declined 35.9% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 7 November U.S. weekly hotel occupancy was relatively flat from the previous week, according to the latest data from STR through 7 November. 1-7 November 2020 (percentage change from comparable week in 2019): • Occupancy: 44.2% (-35.9%) • Average daily rate (ADR): US$91.40 (-31.1%) • Revenue per available room (RevPAR): US$40.36 (-55.8%) Down slightly from 44.4% the prior week, the country's occupancy level was its lowest since the week of June 14-20. emphasis added Since there is a seasonal pattern to the occupancy rate - see graph ......(read more)

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