STR: June U.S. Hotel Occupancy Down, Corp. Travel ‘Weak’

U.S. lodge occupancy in June declined 12 months over 12 months for the fourth straight month, in keeping with lodge analytics agency STR, which individually famous the “weak state” of enterprise journey all through June and the start of July.

U.S. occupancy in June declined 1.7 % 12 months over 12 months to 68.5 %, in keeping with STR, whereas the U.S. common each day lodge fee elevated 0.4 % to $162.51 and U.S. income per accessible room decreased 1.2 % to $111.32. 

STR in a latest analysis word highlighted year-over-year declines in weekly U.S. RevPAR within the Monday-through-Wednesday timeframe, a conventional window wherein enterprise journey leads, in June and thru July 12. Only within the week ending June 21 did that measure improve throughout that point, in keeping with STR.

“In simple terms, weekdays and the weekend serve as a proxy for business and leisure travel trends, respectively,” in keeping with STR. “Since Memorial Day, with one exception, weekdays have consistently underperformed relative to weekends, indicating a continued weak business travel environment.”

STR stated its prime 25 markets “showed higher occupancy and ADR than all other markets.”

As it did in April and May, New York City registered the very best June occupancy fee amongst STR’s prime 25 U.S. cities at 88.5 %, up 0.9 % 12 months over 12 months. New Orleans for the second straight month posted the bottom June occupancy fee at 53.8 %, adopted by Phoenix at 59.5 %. 

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