by Calculated Risk on 3/26/2009 12:13:00 PM

From HotelNewsNow.com: STR reports U.S. performance for week ending 21 March 2009

In year-over-year measurements, the industry’s occupancy fell 4.7 percent to end the week at 58.5 percent. Average daily rate dropped 8.0 percent to finish the week at US$99.92. Revenue per available room for the week decreased 12.3 percent to finish at US$58.45.

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 12.0% from the same period in 2008.

The average daily rate is down 8.0%, so RevPAR (Revenue per available room) is off 12.3% from the same week last year.

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