U.S. hotels did better than expected this summer, says STR

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U.S. hotel demand during the summer was higher than STR forecasted, said the research firm.

Demand for the three months ended Aug. 31 increased 4.2% from a year earlier, while revenue was up 8.1%, to $31.2 billion.

In April, STR forecasted demand and revenue increases of 2.5% and 6.7%, respectively.

Occupancy advanced 3.5 percentage points to 67.9%, while the average daily room rate rose 3.7%, to $102.50.

For hotel and hospitality news, follow Danny King on Twitter @dktravelweekly

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