After four months of weakness in hotel occupancy, the outlook is getting brighter for the local hospitality industry. According to Smith Travel Research, the U.S. hotel industry posted
declines in the three key performance measurements during the week of
April 26 to May 2, 2009. Year-over-year, the room occupancy rate fell 11.6 percent to 55.7
percent in the week ending May 2. The average daily room rate dropped
8.6 percent to $99.41, the data shows. The revenue per available room,
or revpar, for the week decreased 19.1 percent to $55.53. [more]