Thursday 16 July 2020

Hotels’ comeback stalls nationally, skids in NYC and Miami

Hotels’ recovery appears to have stalled. From mid-April through June, occupancy rates climbed steadily following their historic coronavirus plunge. But they fell in the week ending July 4 and last week they were essentially flat, according to newly released data from industry tracker STR. Occupancy rose by 0.3 percentage points to 45.9 percent in the week ending July 11 from the week prior, which ended on Independence Day, STR figures show. Small markets are performing



source https://therealdeal.com/2020/07/16/hotels-comeback-stalls-nationally-skids-in-nyc-and-miami/

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