Nov
12
Stellar September Showing Lifts US Hotels to New Heights
ByFigures for occupancy rate, average daily rate and revenue per available room over the first nine months of the year illustrate the resiliency and strength of broad economic trends driving travel and hotel performance, according to hotel data firm STR.
Guests crowded into U.S. hotels in September, generating all-time highs in occupancy rate, average daily rate (ADR) and revenue per available room (RevPAR) for the month and the period covering the first three quarters of 2017. That finding comes from Hendersonville, Tenn.-based STR, a hotel data firm. Figures for occupancy rate, ADR and RevPAR over the first nine months of the year illustrate the resiliency and strength of broad economic trends driving travel and hotel performance. These trends include steady job creation, rising consumer spending and expansionary readings in the Institute for Supply Management’s monthly indexes of manufacturing and service-sector activity…
