From HotelNewsNow.com: STR: US hotel results for week ending 29 April
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 April 2017, according to data from STR.
In comparison with the week of 24-30 April 2016, the industry reported the following:
• Occupancy: +3.7% to 70.3%
• Average daily rate (ADR): +5.1% to US$127.50
• Revenue per available room (RevPAR): +8.9% to US$89.65
STR analysts attribute the level of performance growth to a comparison with Passover week last year.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
2015 was the best year on record for hotels.
For hotels, occupancy will now move mostly sideways until the summer travel season.
Data Source: STR, Courtesy of HotelNewsNow.com
via Calculated Risk