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| U.S. hotel industry reports decreases in all three key metrics for third quarter |
The United States hotel industry saw declines in all three key performance measurements during the week of Oct. 18-24, 2009, according to Smith Travel Research (STR) data. In year-over-year measurements, industry occupancy dropped 6.3 percent to end the week at 59 percent. The average daily rate (ADR) fell 8.3 percent to end the week at $100.04, and revenue per available room (RevPAR) dropped 14.1 percent to end the week at $59.03.
Among the top 25 markets, Oahu, Hawaii, saw the largest occupancy increase, up 10.4 percent to 83.8 percent, followed by Boston with a 7.5 percent increase to 79.8 percent. Houston experienced the largest occupancy decrease, falling 32.9 percent to 57.5 percent.
New Orleans posted the only ADR increase, up 7.9 percent to $133.96. New York had the largest ADR decrease, dropping 18.9 percent to $256.72.
New Orleans also reported a RevPAR increase, up 7.9 percent to $90.63. Additionally, Oahu saw a RevPAR increase, up 3 percent to $128.72.
For more information, visit www.strglobal.com.
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