Hotel performance metrics down year over year – mirroring airline capacity declines

Smith Travel Research reported today that the US Hotel Industry posted declines in two key performance measurements for this past week. Occupancy fell 7.3% to 64.2% and the revenue per available room fell 7.1% to close at $69.76. The average daily room rate stayed fairly steady at a .1% increase to $108.61. Brad Garner, VP […]

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