• Hotels: Occupancy Rate Increased Year-over-year

    8 days ago - By Calculated Risk

    From HotelNewsNow.com: STR: US hotel results for week ending 27 October
    The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 21-27 October 2018, according to data from STR.
    In comparison with the week of 22-28 October 2017, the industry recorded the following:
    • Occupancy: +1.2% to 70.7%
    • Average daily rate : +4.0% to US$134.39
    • Revenue per available room : +5.2% to US$95.02
    ...
    Houston, Texas, registered the steepest declines in occupancy and RevPAR. Houston's hotel performance was lifted in the weeks and months that...
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