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December 25, 2008
[Updated] Air-Pocket Watch: November Hotel Occupancy
The latest U.S. hotel industry occupancy data is out, and November was an air pocket for the lodging business. Check the following figures from STR, with occupancy dropping by 10% (!), on average, and daily rates falling alongside:
More here.
[Update] Translation of some terms here for those of you not up on your hotel occupancy lingo:
- ADR –> Average Daily Rental income per occupied room
- RevPAR –> Revenue Per Available room
[Update^2] Jake at EconomPicData has now turned this into a useful chart.
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