Hotels: Occupancy Rate “Dipped” Year-over-year

From STR: US hotel results for week ending 28 September

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 22-28 September 2019, according to data from STR.

In comparison with the week of 23-29 September 2018, the industry recorded the following:

Occupancy: -0.4% to 71.2%
• Average daily rate (ADR): -0.5% to US$136.63
• Revenue per available room (RevPAR): -0.8% to US$97.26
emphasis added

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

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