Tag: Occupancy
Occupancies Slump as Oil Prices Drop
An analysis of STR data shows a clear correlation between crude oil prices and hotel performance in oil-driven markets. In all the global markets...
Experts Predict 2017 Occupancy Drop
Hospitality experts expect a slight slump in 2017 as occupancy dips. However, hoteliers shouldn’t submit to defeat yet, as fundamentals remain strong, and many...
Hoteliers on Alert After Q1 Occupancy Decline
ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline...
Committed Occupancy Grows in May
NEW YORK—The spring booking bounce is spreading this season, with 22 of the top 25 North American markets showing committed occupancy growth compared to...
While Occupancy Dips, ADR, RevPAR Rise
Although U.S. hotel occupancy dipped slightly in the first quarter of 2016, the industry experienced healthy gains in both average daily rate and revenue...