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U.S. Hotel Occupancy Rates Continue To Decline

Thursday, 05 March 2009
Smith Travel Research has posted the results from its tracking of measurements of three key performance indicators in the American hotel industry. The results indicate that for week-end in year-over-year performance occupancy rates have fallen 11.6% with this week last year at 61.2% to 541%. In addition, the average for the daily hotel room rate fell 7.2% to $100, from $107.75 in the same week last year. Finally, revenue per available room fell from $65.97 to $54.14, a drop of 17.9%. Chicago, Illinois reported the steepest drops in the numbers of all three measurements and other cities who saw sharp decreases include San Francisco/San Mateo, California, and Miami-Hialeah, Florida. The hardest hit segment of the American hotel industry was the luxury hotel segment, which saw a drop in occupancy of 17% from the previous year. These results come during a struggling economy and a lull in travel throughout the U.S.
Last Updated ( Wednesday, 14 September 2011 )

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