Hotel Development Insider

NEWS AND UPDATES FROM THE HOTEL DEVELOPMENT INDUSTRY
  • Zeke C. Cooper

Occupancy Down, RevPAR for Upper-Upscale and Luxury Up

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.


Here's a link to the full article from Business Travel News.

4 views
SIGN UP AND STAY UPDATED!
  • Grey LinkedIn Icon
  • Grey Facebook Icon
  • Grey Instagram Icon
DreamCatcher_Updated_Logo.png

www

www.HotelDevelopmentInsider.com

© 2019 by DreamCatcher Hotels.  www.DreamCatcherHotels.com

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Instagram Social Icon