US August revPAR drops
The US hotel industry posted a 0.8% decline in revenue per available room (revPAR) for August 2008, according to data from Smith Travel Research (STR). The monthly decrease in revPAR was driven by declining occupancy, while average room rates (ARR) continued to rise.
In year-over-year measurements, the industry’s ARR increased 2.8% to end the month at US$107. However the 3.5% drop in occupancy (to finish the month at 67.5%) caused monthly revPAR fall 0.8% to US$72.
Comments are closed.