The U.S. hotel industry posted declines in the occupancy and revPAR last week, according to Smith Travel Research. In year-over-year measurements, the industry's occupancy fell 4 percent to end the week at 71.2 percent. Average daily rate increased 2.3 percent to finish the week at $107.55. RevPAR for the week decreased 1.8 percent to finish at $76.59. "The initial August industry numbers show continued softness," says Bobby Bowers, Smith Travel's senior vice president of operations.
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