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Hotel Development Insider

NEWS AND UPDATES FROM THE HOTEL DEVELOPMENT INDUSTRY

Occupancy Down, RevPAR for Upper-Upscale and Luxury Up

  • zcooper25
  • Oct 25, 2019
  • 1 min read

According to STR (Smith Travel Research), occupancy declined 0.9% in September 2019, while revenues dropped 0.3%. Demand has grown 1.2%, but has yet to catch up with supply, which has increased 2.0% YoY.


The good news is, Upper-Upscale and Luxury properties have increased RevPAR by 0.9% and 2.7%, respectfully.


 
 
 

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