The latest U.S. hotel industry occupancy data is out, and November was an air pocket for the lodging business. Check the following figures from STR, with occupancy dropping by 10% (!), on average, and daily rates falling alongside:
[Update] Translation of some terms here for those of you not up on your hotel occupancy lingo:
- ADR â€“> Average Daily Rental income per occupied room
- RevPAR â€“> Revenue Per Available room
[Update^2] Jake at EconomPicData has now turned this into a useful chart.