Hotel Development Insider

NEWS AND UPDATES FROM THE HOTEL DEVELOPMENT INDUSTRY
  • zcooper25

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.

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