Occupancy, averages rates improve for U.S. hotels in October

11/21/2013 | HotelNewsNow.com

The U.S. hotel industry saw key metrics improve in October with occupancy increasing 0.8% to 64.7%. Meanwhile, the average daily rate rose 3.3% to $113.48 and revenue per available room increased 4.1% to $73.48. However, room demand in October increased by only 1.5%, lower than the 2.1% year-to-date average. Experts pointed to the recent government shutdown and to increased demand after Hurricane Sandy at the end of October 2012.

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