Thursday, May 07, 2009

Hotel RevPAR in Q1: "Worst year-over-year decline in History"

by Bill McBride on 5/07/2009 11:06:00 AM

"OK, so now it’s official. The first quarter of 2009 experienced the worst year-over-year revenue per available room drop in the U.S. lodging industry’s organized history."
Jeff Higley: Catching up on hotel topics
Note: RevPAR is Revenue per available room - a key measure in the hotel industry.

From HotelNewsNow.com: STR reports U.S. data for week ending 2 May
In year-over-year measurements, the industry’s occupancy fell 11.6 percent to end the week at 55.7 percent. Average daily rate dropped 8.6 percent to finish the week at US$99.42. Revenue per available room for the week decreased 19.1 percent to finish at US$55.33.
Hotel Occupancy Rate Click on graph for larger image in new window.

This graph shows the YoY change in the occupancy rate (3 week trailing average).

The three week average is off 11.1% from the same period in 2008.

The average daily rate is down 8.6%, so RevPAR is off 19.1% from the same week last year.

Data Source: Smith Travel Research, Courtesy of HotelNewsNow.com

Last 10 Posts