US Hotel Occupancy Up Slightly (0.1 Percent) to 54.1 Percent for December 2018
The U.S. hotel industry reported positive results in the three key performance metrics during December 2018, according to data from STR. In a year-over-year comparison with December 2017, the industry posted the following: • Occupancy: +0.1% to 54.1%• Average daily rate (ADR): +1.8% to US$124.28• Revenue per available room (RevPAR): +1.9% to US$67.20 “The industry continued its record-breaking demand run and sold more rooms than any other December on record, but the growth in number of rooms available is now basically in equilibrium with demand growth,” said Jan Freitag, STR’s…
Read More