Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk

Bailout

: Calculated Risk

Hotel RevPAR off 18.6 Percent

By Anonymous

Note: some readers might notice the occupancy rate has risen to 61% - but that is just seasonal. The hotel occupancy rate is usually the highest during the peak vacation months of June, July and August.

From HotelNewsNow.com: STR posts US results for 7-13 June 2009

In year-over-year measurements, the industry?s occupancy fell 10.1 percent to end the week at 61.0 percent. Average daily rate dropped 9.4 percent to finish the week at US$96.61. Revenue per available room for the week decreased 18.6 percent to finish at US$58.96.

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 11.6% from the same period in 2008.

The average daily rate is down 9.4%, so RevPAR is off 18.6% from the same week last year.

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

Full post as published by Calculated Risk on June 18, 2009 (boomark / email).