The newly formed committee will update and expand the Uniform Systems of Accounts for the Lodging Industry (USALI) for US and International Financial Reporting Standards.
The Baird/STR Hotel Stock Index increased 1.6% in September to 4,634. Year to date through the first nine months of 2019, the index was up 13.9%.
At the Chain level, Average Daily Rate increased 6.0% and Revenue per Available Room decreased 0.5 percentage points compared to 3Q18, to $1,021 and $596, respectively. Chain occupancy in 3Q19 was 58.4%.
The Baird/STR Hotel Stock Index dropped 6.6% in August to 4,561. Year to date through the first eight months of 2019, the index is up 12.1%.