The Real Deal Miami

U.S. hotel industry reports multiple declines

December 31, 2009 03:59PM

The U.S. hotel industry has finished off 2009 on a sour note, posting declines in occupancy rates, average daily rates, and revenue per available room for the week ending Dec. 26, according to data from Smith Travel Research. In year-over-year measurements, occupancy fell 5.4 to 33.8 percent, average daily rate slipped 8 percent to $85.78, and revenue per available room, or revpar, for the week dropped 13 percent to finish the year at 29 percent. New York posted the second largest average daily rate decrease nationally, falling 15 percent to $198.92. In Florida, Orlando and Tampa-St. Petersburg were two of five markets to post revpar decreases that exceeded 16 percent, falling 18.3 percent and 18.1 percent, respectively. TRD