October 01, 2016

According to a revised forecast from STR and Tourism Economics, the U.S. hotel industry is predicted to report flat occupancy at 65.5 percent, a rise in average daily rate to $124.12 and an increase in revenue per available room to $81.26 for 2016. "Rate will be the driver of RevPAR growth this year," said Amanda Hite, STR's president and CEO. Following are the current forecasts for this year and next.