Oct 13 2008
STR Reports Out On Preliminary US Hotel Performance For September
Smith Travel Research (STR) announced preliminary figures for US Hotel performance in September 2008.
STR is the global leader in tracking and benchmarking for the lodging industry, and the most recent reports show the overall year-over-year room occupancy rate to be down between 5 to 7 percent from 2007.
Revenue per available room (REVPAR) is projected to be down between 2 and 4 percent.
The different sectors of the lodging industry varied slightly, with midscale hotels with food and beverage services coming in with a decline in RevPAR around 6 percent, and upscale segments RevPAR between a flat rate and down only 2 percent.
