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

|

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

Comments

From Our Partners


From Our Partners

Help your clients “Go Deeper” into their bucket list destinations with Variety Cruises
Help your clients “Go Deeper” into their bucket list destinations with Variety Cruises
Register Now
Welcome to the Exceptional
Welcome to the Exceptional
Read More
Which Events are on Your Calendar for 2023?
Which Events are on Your Calendar for 2023?
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI