Commercial Construction & Renovation

Data released by STR show that the U.S. hotel industry sold 1.06 million room nights in July – the most room nights sold in a single month since STR began tracking hotel-performance data in 1987. Revenue per available room during the month rose 4.3 perent, while average daily rate and occupancy climbed 3.8 percent and 0.5 percent, respectively, STR reports. Read the HotelNewsNow.com story here.