North American Hotel Market News

STR Reports US Hotel Performance for January 2010

STR Reports US Hotel Performance for January 2010

24th Feb 2010 Press Release Hotel News

In year-over-year measurements, the industry’s occupancy ended the month virtually flat with a 0.4-percent decrease to 45.1 percent. Average daily rate dropped 7.1 percent to finish the month at US$93.93. Revenue per available room for the month decreased 7.4 percent to finish at US$42.35.

New PKF Report Projects Accelerated Recovery For U.S. Lodging Industry

New PKF Report Projects Accelerated Recovery For U.S. Lodging Industry

15th Dec 2009 Press Release Hotel News

PKF Hospitality Research (PKF-HR) today announced that, according to its December 2009 edition of Hotel Horizons, the pace of recovery of the U.S. lodging industry has accelerated from previous expectations. Improving industry data for such key indicators as occupancy, RevPAR, and demand suggest that the recovery will arrive a full quarter earlier than the firm expected in September 2009. These improvements are reflected in the firm’s updated forecasts for 2009 and 2010 in its just published December issue of Hotel Horizons.