Hotel industry reports lower occupancy for October 2018

According to data from STR, Occupancy was down 2.8%, ADR increased 10.6% and RevPAR rose 7.5%.

STR is a data and analytic specialist founded in 1985. They maintain a presence in 15 countries and their data sample in the hotel industry comprises more than 62,000 hotels and 8 million rooms around the world. Their sample size for Sri Lanka is 147 hotels of ten or more rooms.

Hospitality Insider Issue 4