Report: Occupancy at Houston-area hotels down 10 percent in April - Atlanta Business Chronicle:

burwellmitubaes1369.blogspot.com
Hotels experienced a 62 percentf occupancy rate in April 2009 comparedto 71.9 percentf in April 2008, according to Trends in the Hotelk Industry, a monthly report from . The Bay Area fares better than most droppingfrom 75.6 percent to 69 percent occupancy from 2008 to a decrease of only 6.6 percent. The Bush Intercontinenta l Airport area posted the largest decline durin thesame period. The area went from 80.6 percenyt occupancy a year agoto 64.8 percenft this year, a 15.8 percent according to the report. Houston-area hotels watchede the average daily room ratedrop 5.9 percent to $115.92 in April from $123.22 in Apripl 2008. The revenue per availables room tookan 18.
9 percent hit year over RevPAR was $71.85 in Apriol compared to $88.61 in April 2008, according to PKF. Hotelxs statewide experienced a 9.4 percent decrease in occupancy year over falling from 71 percentto 61.6 percent. Also on the stated level, the average daily rate went down 7.9 from $117.80 last year to $108.534 this year, and RevPAR took a dive, fallingv 20.1 percent, from $83.65 to $66.84.