Hotels across the United States recorded a decline in key performance measures during the week ending September 12. Revenue per available room fell 6.2 percent compared with the same period last year, ending a 22 week period of year on year growth.
The decline was linked partly to a shift in the timing of the Labor Day holiday. Hotel demand decreased during the week, while occupancy and average daily room rates also recorded declines.
The previous week had shown strong growth because the holiday fell later this year. The latest figures therefore reflect a significant change in the weekly comparison rather than a broad indication of the entire summer season.