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August Preliminary Results Show Total US Occupancy up 0% to 2%
Moody's Investors Service | September 13, 2018
Hotel occupancy growth is set to rebound to 0% to 2% in August following a 0.2% decline in July, according to preliminary data from Smith Travel Research that was released September 7. July's decline was fueled by a 1.9% decline in demand, which was the lowest level since July 2017. The occupancy decline in July was the first monthly decline in the past 12 months. Visitation was down from several international markets including China, which we believe is due at least in part to the trade war brewing between the US and China. According to flight data analyzer ForwardKeys, air bookings from China to the United States are down 8.4% sin...
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