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STR reports U.S. hotel performance for the week ending 30 August 2008 | STR
Friday 5 September 2008
HENDERSONVILLE, Tenn. | The U.S. hotel industry posted increases in two key performance measurements during the week of 24 – 30 August 2008, according to data from STR.
In year-over-year measurements, average daily rate increased 4.7 percent to finish the week at $105.26. Revenue per available room for the week increased 1.4 percent to finish at $65.41.The industry’s occupancy fell 3.2 percent to end the week at 62.1 percent.
“Democratic National Convention activity and the travel period heading into the Labor Day weekend took industry RevPAR positive for the first time in many weeks,” said Brad Garner, VP of client services at STR.
As for the outlook for official August numbers, Garner added, “Preliminary August data confirms continued softness throughout the industry with occupancy growth over last August declining 4.0 percent on rate increases of approximately 3.0 percent.”
About STR & STR Global: For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com .-
Related Document
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09/05/2008STR weekly U.S. lodging report - week of 24 - 30 August 2008Adobe PDF Document - File Size: 16.72 KB
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Contact Information
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318
Email: jeff@str.com
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Company Details
Smith Travel Research
www.strglobal.com
735 E. Main St.
USA - Hendersonville, TN 37075
Phone: (615) 824-8664
Fax: (615) 824-3848
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