Occupancy decreased 0.2 percent to 73.6 percent, while average daily rate increased 2 percent to $133.44. The industry's year-over-year supply growth, 2.1 percent, outpaced demand growth, 1.9 percent, leading to the occupancy decline, according to STR SVP of lodging insights Jan Freitag. Despite the imbalance during July, STR recently revised its forecasts for 2018 and 2019 to reflect continued strong demand. Get the full story at HNN