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Hotel RevPAR in Q1: "Worst year-over-year decline in History"

By Anonymous

"OK, so now it?s official. The first quarter of 2009 experienced the worst year-over-year revenue per available room drop in the U.S. lodging industry?s organized history."
Jeff Higley: Catching up on hotel topics

Note: RevPAR is Revenue per available room - a key measure in the hotel industry.

From HotelNewsNow.com: STR reports U.S. data for week ending 2 May

In year-over-year measurements, the industry?s occupancy fell 11.6 percent to end the week at 55.7 percent. Average daily rate dropped 8.6 percent to finish the week at US$99.42. Revenue per available room for the week decreased 19.1 percent to finish at US$55.33.

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 11.1% from the same period in 2008.

The average daily rate is down 8.6%, so RevPAR is off 19.1% from the same week last year.

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

Full post as published by Calculated Risk on May 07, 2009 (boomark / email).