U.S. hotel occupancy and revenue per available room each declined year over year in August, hotel analytics firm STR announced. Average daily rate increased slightly.
U.S. ADR increased 0.3 percent year over year to $158.93, while occupancy declined 1.3 percent to 66.1 percent and RevPAR declined 1 percent to $105.06.
STR said its top 25 markets "showed higher occupancy and ADR than all other markets." Earlier this month, STR in a separate note said weekday occupancy in its top 25 markets was slowing and that business travel "has plateaued."
For the fifth straight month, New York City registered the highest August occupancy rate among STR's top 25 U.S. cities at 86 percent, though that figure was down 1.4 percent year over year. New York was followed by Seattle at 82.2 percent, down 0.4 percent year over year.
Phoenix in August posted the lowest occupancy rate among STR's top 25 at 55 percent, followed by Houston at 55.9 percent.
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