September set a new record for monthly revenue previously set in 2015, with $25.5 million in revenue. A solid return in the final month of summer season ensures hotel performance is on pace or above for the year. Changes in ADR reflects seasonal shifts such as per diem adjustment on 9/1 and were up slightly year over year. Despite an anticipated decrease in cruise-induced room nights compared to the prior September, hotel demand grew. This suggests that September gains may be primarily independent travelers.
Not familiar with these terms? There's a guide to hotel performance.