Tag: USA hospitality
US hospitality sector starts to bounce back, as occupancy rises
The latest hotel booking data from Smith Travel Research (STR) has revealed for the first time in the many weeks since the pandemic took hold, US hotels have sold over ten million room-nights during the week that ended May 9, 2020. These numbers demonstrate an uptick of more than three million room-nights over the week of April 11. US hotel occupancy rose to 30.1% for the weekend of May 9, showing an increase in weekend occupancies for the second week in a row. Revenue per available room (RevPAR) at hotels in resort destinations was still down by 82.4%, as compared ... Read more