In July, according to STR, industry-wide occupancy saw its sharpest monthly decline of 2016. Supply growth crept up to 1.6% and demand growth slowed to 0.6%. Compared with July 2015, the U.S. hotel industry’s occupancy decreased 1% to 74.4%. However, U.S. hoteliers held tight on rate. In fact, they did even better than hold tight. STR says Average Daily Rate across the U.S. for July was up 3.6% to $128.77. This meant that, despite occupancy beginning to slip, hoteliers were able to grow RevPAR at an average of 2.5% to $95.81. “Luckily there is a little bit of pricing power,” STR’s Jan Freitag said in Hotel News Now. “So, this month’s occupancy decline is the sharpest in 2016, but the ADR growth is tied with February and June for the highest this year.” Get the full story at Duetto