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U.S. Hotel Occupancy, Rates and RevPAR Rise for 18th Straight Week

In Brief: U.S. hotel occupancy, average daily rate and RevPAR increased year over year in the week ending Aug. 15, with San Diego and Tampa posting notable gains. Tampa posted the only double-digit occupancy increase among the Top 25 Markets, with occupancy rising 11.7% to 64.9%. – Image Credit Unsplash    According to CoStar’s latest data, U.S. hotel occupancy reached 68%, up 2.6% year over year, for the week of Aug. 9-15. Average daily rate increased 3.5% to $163.56, while revenue per available room rose 6.2% to $111.29.The results marked the industry’s 18th consecutive week of positive year-over-year comparisons.Among the Top…

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