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Hotels: Occupancy Rate Up Year-over-Year

Posted On: Mar 18, 2018   |   Posted By: Calculated Risk

Hotels: Occupancy Rate Up Year-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 10 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 4-10 March 2018, according to data from STR.
In comparison with the week of 5-11 March 2017, the industry recorded the following:
• Occupancy: +1.1 at 68.1%
• Average daily rate : +2.0% to US$131.46
• Revenue per available room : +3.1% to US$89.53 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

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