by Calculated Risk on 6/11/2009 03:40:00 PM
Thursday, June 11, 2009
Hotel RevPAR off 22.9 Percent
From HotelNewsNow.com: STR reports US performance for week ending 6 June 2009
In year-over-year measurements, the industry’s occupancy fell 13.9 percent to end the week at 56.6 percent. Average daily rate dropped 10.5 percent to finish the week at US$95.90. Revenue per available room [RevPAR] for the week decreased 22.9 percent to finish at US$54.24.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 11.8% from the same period in 2008.
The average daily rate is down 10.5%, so RevPAR is off 22.9% from the same week last year.