Profit plunge has hotel industry looking to brighter 2021
![](https://morningtopnews.com/wp-content/uploads/2021/01/412a7aa753d905aee4a4751e44b0928f.jpg)
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Occupancy was down 4 percentage points over October to 24.2% and coupled with an average rate at $143.74 produced RevPAR of $34.76, which was down more than 78% year-over-year and 15% over the month prior.
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