ADR rose 2.3 percent to $130.71, and occupancy increased 1.2 percent to 71.4 percent. Among the 25 markets with the most room supply, Chicago recorded the greatest year-over-year increase in ADR, 6.6 percent to $152.98; no market in the top 25 recorded a decline. STR SVP of lodging insights Jan Freitag said August set a monthly demand record and marked the highest occupancy level for any August since 2014. "ADR growth was up a bit from July but still below the long-term average," Freitag said. "Pricing power remains a key topic around the industry as inflation-adjusted ADR has been mostly flat." Get the full story at STR