ASIA Travel Tips.com

U.S. Hotel Performance for May 2009

Search ASIA Travel Tips .com Latest Travel News Send to Friend Thursday, 25 June 2009

According to data compiled by STR, the U.S. hotel industry posted declines in all three key performance measurements during May 2009.

In year-over-year measurements, the U.S. hotel industry's occupancy fell 11.8% to end the month of May 2009 at 55.7%. The average daily rate dropped 9.8% to finish the month at US$97.03. Revenue per available room for the month decreased 20.4% to finish at US$54.05.

"Again in May, industry results were disappointing as they continued the downward spiral seen each month so far this year," said Mark Lomanno, president of STR. "While demand has not gotten any worse over the past several months, we are becoming increasingly alarmed at the accelerating decline in average room rates. Despite the dismal results throughout the first half of the year, we continue to expect to see better numbers this summer, at least compared to the dreary results to date."

Highlights from the Top 25 Markets in the U.S. include:

- None of the Top 25 Markets reported increases in any of the three metrics.

- Oahu Island, Hawaii, was the only market to report an occupancy decrease of less than 5%, falling 4.9% to 69.2%.

- Detroit, Michigan, led the occupancy decreases, falling 20.2% to 46.7%.

 Other markets to report occupancy decreases of 15% or more include: New Orleans, Louisiana (-16.8% to 57%); Houston, Texas (-15.7% to 57%); Chicago, Illinois (-15.6% to 59%); Phoenix, Arizona (-15.5% to 49.5%); Dallas, Texas (-15% to 49.1%).

- Nashville, Tennessee, reported the smallest ADR decrease, dropping 4.1% to US$90.69.

- New York was the only market to report a drop in ADR of more than 20%, falling 29.4% to US$201.13.

- Norfolk-Virginia Beach, Virginia, reported a 13.6%decrease in RevPAR to US$48.11, the smallest among the top 25 markets.

- Six markets reported RevPAR decreases of more than 25%: New York (-35.7% to US$159.82); Chicago (-29.5% to US$70.38); Phoenix (-28.6% to US$48.41); Detroit (-27.9% to US$36.72); New Orleans (-27.2% to US$63.19); and San Diego, California (-26.1% to US$77.49).

See other recent news regarding: Airlines, Aviation, Flights, First Class, Business Class, GDS, Miles, Hotels, Promotions, New Hotels, Visitor Arrivals, Cruises, Free Deals, STR, April 2009, May 2009

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com