• Hotels: Occupancy Rate increases Year-over-Year, On Pace for Record Year

    4 monthes ago - By Calculated Risk

    From HotelNewsNow.com: STR: US hotel results for week ending 12 May
    The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 6-12 May 2018, according to data from STR.
    In comparison with the week of 7-13 May 2017, the industry recorded the following:
    • Occupancy: +0.8% to 68.5%
    • Average daily rate : +3.5% to US$130.06
    • evenue per available room : +4.4% to US$89.03 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
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