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.

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