US hotel occupancy and rates up

Travel News 01 Sep 2015

The U.S. hotel industry reported positive results in the three key performance metrics during July 2015, according to data from STR, Inc.

In year-over-year results, the U.S. hotel industry’s occupancy was up 2.3% to 75.3%; its average daily rate rose 5.9% to US$124.32; and its revenue per available room increased 8.3% to US$93.61.

This is correlated to the demand of more than 116.8 million room nights sold, a 3.5% (4 million room nights) increase from July 2014.