Friday, May 29, 2009

Hotel Occupancy: RevPAR Off 19.4%

by Calculated Risk on 5/29/2009 02:21:00 PM

From HotelNewsNow.com: STR posts US results for 17-23 May 2009

In year-over-year measurements, the industry’s occupancy fell 11.1 percent to end the week at 59.4 percent. Average daily rate dropped 9.3 percent to finish the week at US$98.31. Revenue per available room for the week decreased 19.4 percent to finish at US$58.39.
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 10.3% from the same period in 2008.

The average daily rate is down 9.3%, so RevPAR is off 19.4% from the same week last year.

Note: HotelNewsNow has a free hotel related newsletter available here.

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