Hotels: Occupancy Rate Declined 38% Year-over-year

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From STR: US hotel results for week ending 11 July

U.S. hotel performance data for the week ending 11 July showed mostly flat occupancy and lower room rates from the previous week, according to STR.
5-11 July 2020 (percentage change from comparable week in 2019):
Occupancy: 45.9% (-38.0%)
• Average daily rate (ADR): US$ 97.33 (-26.8%)
• Revenue per available room (RevPAR): US$ 44.67 (-54.6%)
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“The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.”
“The occupancy rate for the last four weeks was 43.9%, 46.2%, 45.6%, and 45.9%. Flattening out well below the median for this week of 75%.”

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