Good news for hotels: strong demand and occupancy rates reported in Q2

Compared to the second quarter of last year, national hotel occupancy was up 0.5 to 69.5 percent, according to a second quarter report by STR, which tracks supply and demand data for the hospitality industry. RevPAR (revenue per available room) growth jumped significantly in the Orlando and Seattle markets, with respective growths of 13.5% to $98.21 and 9.6% to $137.72 in the second quarter of 2017 as compared with the second quarter of 2016. [Bisnow]