Bailout

Hotel RevPAR off 22.9 Percent

By Anonymous

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.

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.

Full post as published by Calculated Risk on June 11, 2009 (boomark / email).