Bailout

Hotel Occupancy: RevPAR Off 19.4%

By Anonymous

In year-over-year measurements, the industry?s occupancy fell 11.1 percent to end the week at 59.4 percent. Average daily rate dropped 9.3 percent to finish the week at US$98.31. Revenue per available room for the week decreased 19.4 percent to finish at US$58.39.

This graph shows the YoY change in the occupancy rate (3 week trailing average).

The three week average is off 10.3% from the same period in 2008.

The average daily rate is down 9.3%, so RevPAR is off 19.4% from the same week last year.

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Full post as published by Calculated Risk on May 29, 2009 (boomark / email).