U.S. hotels see 7.8 percent uptick in revpar

U.S. hotels saw a 5.7 percent occupancy increase from last year and a 2 percent year-over-year uptick in daily room rates during the week that ended Jan. 8, according to the latest data from Smith Travel Research. Occupancy is now at nearly 43 percent and rates are at an average of $93.43. Revenue per available room, the third of the three key performance metrics for the hotel industry, saw a 7.8 percent year-over-year increase during the week, finishing at $40, STR said. TRD