U.S. hotel occupancy dipped 0.2% to 70.5% during the week of 20-26 October. ADR rose just 0.2% to $135, and RevPAR was flat at $95.15.
Total nonfarm payroll employment rose by 128,000 in October, and the unemployment rate was little changed at 3.6 percent. Food services and drinking places, social assistance, and financial activities added jobs. Employment fell in motor vehicles and parts manufacturing due to a strike.
In the first quarter of 2019, gross job gains from opening and expanding private-sector establishments were 7.4 million. Gross job losses from closing and contracting private-sector establishments were 6.9 million.
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