In the second quarter, US hotel occupancy rose 1.1 percent year over year to 70.2 percent, ADR increased 2.9 percent to USD131.02 and RevPAR rose by four percent to USD91.94.
Demand (room nights sold) grew 3.1 percent year over year, while supply (room nights available) increased by two percent for the second-consecutive quarter. Overall, each of the key performance metrics were the highest for any Q2 on record.
“The second quarter of 2018 was another record-breaker as the industry rolled to 100 straight months of RevPAR growth,” said Bobby Bowers, senior vice president, operations, STR. “The industry continues to benefit from demand across the travel segments as well as favourable macroeconomic conditions.”