Thursday, May 21, 2009

Hotel RevPAR Off 21.4% Year-over-year

by Calculated Risk on 5/21/2009 11:38:00 AM

Note: HotelNewsNow has a free hotel related newsletter available here. This week they have an update on the Yellowstone Club vs. Credit Suisse case.

And on occupancy and RevPAR from HotelNewsNow.com: STR reports U.S. data for week ending 16 May

In year-over-year measurements, the industry’s occupancy fell 12.6 percent to end the week at 57.8 percent. Average daily rate dropped 10.0 percent to finish the week at US$98.33. Revenue per available room for the week decreased 21.4 percent to finish at US$56.84.
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 11.3% from the same period in 2008.

The average daily rate is down 10.0%, so RevPAR is off 21.4% from the same week last year.

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