Hotel News Now reports that the U.S. hotel industry noted positive results in the three key performance metrics during June 2018, according to data from Smith Travel Research.
U.S. hotels have now posted 100 consecutive months of year-over-year RevPAR growth. Additionally, each of the key performance metrics are at record highs on a 12-month moving average.
“The industry’s 117 million room nights sold were the most we have ever recorded for a June,” said Jan Freitag, STR’s senior VP of lodging insights. “This clearly points at very healthy group, business transient and leisure demand, supported by still undeterred GDP growth and low unemployment numbers.”