• Hotels: Occupancy Rate Declined Slightly Year-over-year

    28 days ago - By Calculated Risk

    From HotelNewsNow.com: US hotel results for week ending 13 October
    The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 7-13 October 2018, according to data from STR.
    In comparison with the week of 8-14 October 2017, the industry recorded the following:
    • Occupancy: -0.7% to 71.9%
    • Average daily rate : +1.6% to US$132.76
    • Revenue per available room : +0.8% to US$95.42
    ...
    Due to difficult-to-match year-over-year comparisons, Houston, Texas, experienced the steepest declines in occupancy and RevPAR. Houston's hotel...
    Read more ...