Lodging
The average daily rate at U.S. hotels in July increased 4.8 percent year over year to $117.81,
according to STR. ADR increased in all of the nation's top 25 markets, and seven had double-digit percentage ADR increases. The largest ADR growth was in Seattle (up 13.5 percent to $160.65) and Denver (up 13.2 percent to $120.17). U.S. hotel occupancy for July increased 3.9 percent to 73.6 percent, its highest level since the mid-1990s, and hotel demand for the month was the strongest ever for a single month, according to STR senior vice president of strategic development Jan Freitag.